Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

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

Published

on

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.

Continue Reading

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

on

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

Continue Reading

News

Portal between countries shut down after international flashing

Published

on

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Continue Reading

News

U.S. home prices surge 47%

Published

on

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

Continue Reading

Trending Now