The Hollywood actors' strike is over, but the impact will linger for some big companies
Publishing timestamp: 2023-11-09 11:39:06
Summary
The SAG-AFTRA actors' union reached a tentative agreement with studios, with Disney CEO Bob Iger stating that the strike's impact on their business has been negligible. However, Sony has cut its movie unit's profit forecast due to delays in production and promotion activities caused by the strike. AMC Entertainment implored the two sides to reach an agreement, as they anticipate collateral damage from the strike. Warner Bros. Discovery also reported negative impacts on their studios' performance due to the strike.
Sentiment: MIXED
Tickers: WBD, 6758.T-JP, DIS, SONY, AMC,
Keywords: amc entertainment holdings inc, sony group corp, breaking news: business, earnings, business, walt disney co, warner bros discovery inc, media, business news, entertainment,
Source: https://www.cnbc.com/2023/11/09/sag-aftra-strike-impact.html