The strike by film and TV writers entered its third day Thursday, with no negotiations currently scheduled with the Alliance of Motion Pictures and Television Producers, which represents management for big studios such as Disney, NBC Universal and CNN’s parent company, Warner Bros. Discovery. “New big-budget tent-pole releases tend to fill theaters,” said Moody’s in its new analysis.
“Television will bear the brunt of a long strike as the implications of the writers’ strike will play out more noticeably for TV networks, stations, cable channels, and streamers. TV networks, particularly broadcast networks, consistently schedule new prime-time shows to begin in the fall,” the Moody’s analysis said. This will hurt broadcasters’ ability to attract audiences and, in turn, advertisers. All four broadcast networks are owned by major studios.