Warner Bros. Files Adjusted Earnings Report Due to Strikes
Warner Bros. is expected to lose nearly half a billion dollars in quarter three due to ongoing strikes, according to a document filed with the Securities and Exchanges Commission.
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Posted 9/5/2023, 7:30:00 PM
gizmodo.com
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Warner Bros. Discovery expects a financial impact of $300 million to $500 million due to ongoing writers' and actors' strikes, assuming the strikes will continue through the end of the year.
The ongoing dual strike by the Writers Guild of America and SAG-AFTRA could cost Warner Bros. up to $500 million this year, prompting major production delays and a potential lackluster film and television schedule if fair wages are not paid to writers and actors.