Studio and streaming company stocks rally after Hollywood’s actors union reaches tentative deal to end strike

The stocks of studios and streaming companies were mostly higher early Thursday, after Hollywood’s actors union reached a tentative deal with studios to end its strike, ending months of labor strife that ground the film and television industries to a historic halt, as the Associated Press reported. While union members have yet to vote on the three-year contract agreement, the leadership declared that the strike will end at 12:01 a.m. on Thursday.

was slightly higher and Walt Disney Co. DIS, -0.11% was up 3.9%, also benefiting from earnings that beat estimates, a huge jump in streaming users and a vow to increase annual cost cuts to $7.5 billion, from $5.5 billion. Comcast Corp. parent to Universal studio, was down slightly.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Vivid Seats’ stock jumps after better-than-expected Q3 revenue and acquisition of Vegas.comCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Brink’s Q3 earnings top estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

LL Flooring’s Q3 loss is wider than expected in weak housing marketCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

SeaWorld’s earnings top estimates despite some bad weather during its peak seasonCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »