Warner Bros. Discovery CEO David Zaslav says writers, actors strikes need to end as media industry is in a transitional moment
Publishing timestamp: 2023-09-06 20:04:34
Summary
Warner Bros. Discovery CEO David Zaslav emphasized the need to end writers and actors strikes in the media industry, as it is currently in a transitional moment from streaming to traditional TV. The company revised its full-year guidance, expecting earnings to take a hit of up to $500 million if the strikes continue through year-end. Zaslav highlighted the importance of fair compensation and resolving the strikes. The strikes have affected production on Hollywood sets and impacted Warner Bros. Discovery, which owns TV and movie studios. The company is focused on increasing its free cash flow and paying down its debt. It is also looking to expand its streaming business, with plans to add sports content to its flagship streaming service, Max.
Sentiment: NEUTRAL
Keywords: warner bros discovery inc, business news, business, breaking news: business, entertainment, amc networks inc, media,