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Home»Entertainment»Warner Bros. Discovery Says Strikes Mean It Will Take up to $500M Hit
Entertainment

Warner Bros. Discovery Says Strikes Mean It Will Take up to $500M Hit

September 5, 2023No Comments1 Min Read
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Le Directeur général de Warner Bros. Discovery David Zaslav le 22 mai 2023 à Cannes.
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Warner Bros. Discovery expects the ongoing Hollywood strikes to have a $300 million-$500 million negative impact on the company’s 2023 earnings.

In an SEC filing Wednesday, the David Zaslav-led media giant stated it was expecting lower adjusted earnings for the full year between $10.5 billion-$11 billion, based on the projection that the continuing WGA and SAG-AFTRA work stoppages will mean a hit of $300 million to $500 million for the company.

“While WBD is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end,” Warner Bros. Discovery wrote. “With both guilds still on strike today, the Company now assumes the financial impact to WBD of these strikes will persist through the end of 2023.”

More to come…

See also  Judge Strikes Down Challenge to Texas Banning TikTok on Government Devices
500M Bros Discovery hit Strikes Warner
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