‘We have to get back to work,’ Warner Bros. executive says about strikes

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TV and film studios recently agreed to resume negotiations with the Writers Guild of America.

That was Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels talking about the ongoing strikes between Hollywood film studios and the writers and actors unions. He was speaking at a Bank of America conference last week.

“While [Warner Bros. Discovery] is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end,” the company said on its earnings call. “With both guilds still on strike today, the company now assumes the financial impact to [Warner Bros. Discovery] of these strikes will persist through the end of 2023.”

Read on: Netflix criticized for posting AI jobs paying up to $900,000 while writers and actors are on strike

Source: Entertainment Trends (entertainmenttrends.net)

 

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