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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: MarketWatch - 🏆 3. / 97 Read more »

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

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.
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »