11 votes

Warner Bros. Discovery says strikes saved it more than $100 million in Q2, David Zaslav hopes negotiating resumes soon

Posted by Ecrapsnud
Tags: usa, hollywood, strikes, writers guild of america, business, warner bros, discovery, ceo, david zaslav, unions, author.jennifer maas, source.variety
https://variety.com/2023/tv/news/david-zaslav-sag-aftra-wga-strike-1235686260/

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Authors
Jennifer Maas
Published
Aug 3 2023
Word count
767 words

7 comments

  1. [3]
    Ecrapsnud
    Link
    "We saved hundreds of dollars on our utility bills when they shut our electricity off!" Such a strange little mind game to pretend that the strikes are good for business, actually. Is anyone...

    "We saved hundreds of dollars on our utility bills when they shut our electricity off!"

    Such a strange little mind game to pretend that the strikes are good for business, actually. Is anyone actually buying it?

    34 votes
    1. [2]
      stu2b50
      Link Parent
      This is the actual quote, which was from the earnings call What’s not to buy? The actual statement is both banal, not particularly hard to believe, and said in a time and place where lies have...

      This is the actual quote, which was from the earnings call

      While we are hoping for a fast resolution, our modeling assumes a return to work date in early September, should the strikes run through the end of the year, I would expect several $100 million upside to our free cash flow guidance and some incremental downside for adjusted EBITDA

      What’s not to buy? The actual statement is both banal, not particularly hard to believe, and said in a time and place where lies have legal consequences.

      20 votes
      1. Degeneratesaint
        Link Parent
        I agree. It's inherently shitty due to the context of the situation as a whole, obviously. From a financial reporting perspective this reads as the truth to me as someone who has been somewhat...

        I agree. It's inherently shitty due to the context of the situation as a whole, obviously. From a financial reporting perspective this reads as the truth to me as someone who has been somewhat active in the corporate finance world

        6 votes
  2. [2]
    Skombie
    (edited )
    Link
    I mean he's technically right, that at the moment they would be saving money. But only because of the delayed effects of the strike. As a consumer I haven't felt the effects of the strike yet....

    I mean he's technically right, that at the moment they would be saving money. But only because of the delayed effects of the strike.

    As a consumer I haven't felt the effects of the strike yet. Because everything I've been watching over the past month was either complete, or in post production. Once they run out of existing content, then we'll see the real impacts of the strike.

    For now there's still a great line up of shows for August.

    11 votes
    1. Hobbykitjr
      Link Parent
      Think you mean "shows" But yeah, they'll be hurting next year

      Think you mean "shows"

      But yeah, they'll be hurting next year

      2 votes
  3. [3]
    Comment deleted by author
    Link
    1. [2]
      SleepyGary
      Link Parent
      The Marvels was already in post-production when the strike started. The only thing the strikes would have impacted there is if they needed last minute reshoots.

      The Marvels was already in post-production when the strike started. The only thing the strikes would have impacted there is if they needed last minute reshoots.

      10 votes
      1. [2]
        Comment deleted by author
        Link Parent
        1. DefinitelyNotAFae
          Link Parent
          From what I've followed, they tried to picket where they could when they got info on where the filming was, but most writers and actors don't live in Georgia, so it's much harder to maintain...

          From what I've followed, they tried to picket where they could when they got info on where the filming was, but most writers and actors don't live in Georgia, so it's much harder to maintain pickets there. SAG striking makes a big impact

          3 votes