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

Will the travel boom continue in 2024?

Published

on

Several big events are scheduled in 2024 and travelers say they’re planning to attend.

 
Following the pandemic—pent-up demand to travel exploded.

But, after years of inflation and rising tourism costs—are travelers curtailing plans for 2024 or revving them up?

Casey Hatfield-Chiotti, a Travel Editor, Marin Living Magazine joins Veronica Dudo to discuss. #IN AMERICA TODAY #travel #traveltrends #2024travel #tourism #luxurytravel #hospitalityindustry #MarinLiving #ParisOlympics #solareclipse #featured

Continue Reading

News

YouTuber Trevor Jacob behind bars for plane crash stunt

Published

on

YouTuber Trevor Jacob has been sentenced to jail after orchestrating a dangerous stunt involving a plane crash in a reckless bid for views.

The shocking incident unfolded as Jacob attempted to push the boundaries of extreme content creation on his YouTube channel.

In a bid to capture the attention of his audience, Jacob embarked on a perilous mission, piloting a small plane before deliberately crashing it. The stunt, which was filmed and uploaded to his channel, garnered immediate backlash from viewers, many of whom decried the reckless behavior as dangerous and irresponsible.

Authorities swiftly intervened, launching an investigation into Jacob’s actions. Following the investigation, he was arrested and subsequently sentenced to a prison term.

The incident has raised important questions about the ethics of content creation, the pursuit of internet fame, and the potential legal consequences for those who prioritize views over safety.

 

Continue Reading

News

Russian women want their men back from Ukraine

Published

on

In a heartfelt plea, Russian women have taken to the streets demanding the safe return of their loved ones from the Ukrainian front.

The conflict in Ukraine has stretched on for years, and the toll on families has been immense. Mothers, wives, sisters, and daughters are uniting to call for an end to the fighting and the return of their men.

The women, often referred to as the “mothers of the front,” are growing increasingly frustrated with the ongoing conflict. They argue that their husbands, sons, and brothers have been away for far too long, and the human cost of the war is simply too high.

With no clear resolution in sight, their calls for peace and reconciliation are becoming more urgent.

This grassroots movement has sparked a national conversation in Russia, with many questioning the government’s handling of the conflict.

While the official stance has been to support the separatist forces in Ukraine, these women are highlighting the personal tragedies and broken families left in the wake of the war. Their determination to bring their loved ones home is palpable.

The situation raises important questions about the impact of long-term conflicts on families, the role of women in peace movements, the government’s response to public sentiment, and the prospects for a peaceful resolution in the ongoing Ukraine conflict.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company