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How much is Warner Bros expected to lose over Hollywood strikes?

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2 years ago

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Warner Bros. Discovery is bracing for the ongoing effects of the prolonged strikes by writers and actors, letting shareholders know they expect its adjusted earnings to take a hit of $300 million to $500 million.

The strikes, with the Writers Guild of America union members on picket lines for over 100 days and actors joining in July, have hit the media industry at a critical juncture when companies are striving to make their streaming ventures profitable and lure audiences back to theatres.

The company anticipates that its adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) will suffer a significant blow, ranging from $300 million to $500 million. This adjustment places their full-year earnings outlook in the range of $10.5 billion to $11 billion.

The strikes, with the Writers Guild of America union members on picket lines for over 100 days and actors joining in July, have hit the media industry at a critical juncture when companies are striving to make their streaming ventures profitable and lure audiences back to theatres.

Warner Bros. Discovery is not just a studio owner but also boasts the largest collection of pay TV networks. They express hope for a swift resolution to the strikes but emphasise their inability to predict when that might happen.

Tensions have escalated during negotiations between studios and writers, with Warner Bros. Discovery CEO David Zaslav actively involved in the discussions. The impact of these strikes has already led to schedule adjustments, including the delay of “Dune: Part Two” to March 15, 2024, and other film release date changes.

While the strikes affect Warner Bros. Discovery’s free cash flow, they have also been buoyed by the success of “Barbie,” which is now their highest-grossing release. Despite these challenges, the company maintains its goal of meeting its net leverage target, actively reducing the substantial debt load stemming from the 2022 merger of Warner Bros. and Discovery.

Previously, Warner Bros. Discovery’s financial expectations were based on the assumption that the strikes would conclude by early September.

However, the revised outlook acknowledges the reality of a more protracted disruption, emphasising the uncertainty surrounding the strikes’ resolution and their financial impact.

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Sign of the times? Hyundai and Mazda turn to China for EVs

Hyundai and Mazda tap China for new EVs, highlighting the country’s rising role in global electric vehicle production.

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11 hours ago

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November 3, 2025

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Hyundai and Mazda tap China for new EVs, highlighting the country’s rising role in global electric vehicle production.


Hyundai and Mazda are now sourcing new EVs from China, their first models built for and by the Chinese market. It’s a move that underscores China’s growing dominance in global electric vehicle manufacturing.

#EVs #ChinaAuto #Hyundai #Mazda #ElectricVehicles #CarNews #AutoTrends #MadeInChina


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Terror on Cambridge train as nine injured in knife attack

Nine injured in Cambridge train stabbing; two arrests made as authorities investigate possible terror motives.

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16 hours ago

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November 3, 2025

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Nine injured in Cambridge train stabbing; two arrests made as authorities investigate possible terror motives.


Nine people have been seriously injured after a violent stabbing spree on a train near Cambridge. Witnesses described scenes of panic as passengers scrambled for safety during the shocking incident.

Two men have been arrested, as British Transport Police—assisted by counterterrorism units—investigate the motives behind the attack. Armed officers reportedly tackled one suspect armed with a large knife as emergency services flooded the scene.

The attack has left the community shaken and authorities on high alert, with questions swirling about whether this was an act of terror or a random rampage.

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#CambridgeAttack #UKNews #BreakingNews #TrainStabbing #CounterTerrorism #PoliceResponse #CrimeAlert #TickerNews


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Trump’s shock peace deal as Morocco and Algeria end fighting

Trump brokers historic peace between Morocco and Algeria; experts debate implications for Middle Eastern relations and global influence.

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16 hours ago

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November 3, 2025

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Trump brokers historic peace between Morocco and Algeria; experts debate implications for Middle Eastern relations and global influence.


Donald Trump has once again stunned the world, this time brokering a historic peace agreement between Morocco and Algeria—with the backing of the United Nations. The move has many wondering whether the former U.S. president is reinventing himself as a global peacemaker.

Professor Tim Harcourt from UTS breaks down how Trump managed to secure the deal and what role the UN played in formalizing the agreement. Morocco’s vow to protect Jewish communities and strengthen ties with Israel adds another layer to this surprising diplomatic twist.

As Trump’s influence on global affairs grows, experts are debating whether this marks a genuine shift in Middle Eastern relations—or just a calculated political play on the global stage.
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#TrumpPeaceDeal #Morocco #Algeria #MiddleEast #Diplomacy #UN #Israel #TickerNews


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