Warner Bros. Discovery CEO David Zaslav says writers, actors strikes need to end as media industry is in a transitional moment

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The media industry needs to do everything it can to end the writers and actors strike, Warner Bros. Discovery CEO David Zaslav said Wednesday.

Warner Bros. Discovery CEO David Zaslav said the writers and actors' strikes need to come to an end as the media industry is in a transitional moment.

Earlier this week, Warner Bros. Discovery revised its full-year guidance, and expects earnings to take a hit of up to $500 million assuming the strikes last through the end of the year.The media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors' strikes,"We're a content company. We're a storytelling company.

"We really have to focus as an industry, and we are, on trying to get this resolved in a way that's really fair."

 

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