Warner Bros. Discovery CFO Says Company Wants to Resolve Strikes ASAP After Disclosing up to $500 Million Earnings Hit From Work Stoppages

  • 📰 Variety
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The two Hollywood strikes that have ground TV and film productions to a standstill are bad for business — and Warner Bros. Discovery is working diligently to resolve them as quickly as possib…

is working diligently to resolve them as quickly as possible, according to CFO Gunnar Wiedenfels.

From an operational perspective, “we’re really shut down,” Wiedenfels said. “There’s very little content production going on right now.”expects the dual strikes to result in $300 million-$500 million hit to full-year 2023 earnings According to the WGA estimates, if Warner Bros. Discovery agreed to the union’s proposed contract terms, it would cost the company an additional $45 million a year.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 108. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Warner Bros. Discovery CFO on Streaming Prices: “Quality Content Has Been Given Away Well Below Fair Market Value”Gunnar Wiedenfels told an investor conference how the giant decides on licensing programming to give it more 'oxygen,' the Disney-Charter carriage deal, Hollywood strikes, the ad market and potential 'Barbie' theme park offerings.
Sumber: THR - 🏆 411. / 53 Baca lebih lajut »

Warner Bros. Discovery Has Been “Really Shut Down” By Strikes, CFO Says, But Free Cash Flow Is Rising As Company Is “Unable To Deploy Capital” For ProductionWarner Bros. Discovery CFO Gunnar Wiedenfels echoed recent sentiments from Netflix and other major TV and film producers, saying the industry must resolve the ongoing strikes and “get back to…
Sumber: DEADLINE - 🏆 109. / 63 Baca lebih lajut »

BP CEO Resigns Following Company Review Into His ConductCFO Murray Auchincloss will take over as CEO on an interim basis.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »