Warner Bros. Discovery is projected to lose up to $500 million in 2023 due to the ongoing actors and writers strikes.
Warner Bros. Discovery indicated they initially hypothesized the strikes would be resolved by early September, hence the change in projected finances. Given there is currently no end in sight to the strikes, the company could end up losing even more in adjusted EBITDA should they continue throughout the rest of the year., CEO of Warner Bros. Discovery, said the company will continue to update its projections as 2023 continues.
“WBD continues to prioritize and work diligently with other industry leadership to resolve the current WGA and SAG-AFTRA strikes in a manner that is fair and values the important work of, and partnership with, the writers and actors,” he said.Brandon Schreur has been writing about comics, movies, television shows and all things pop culture for roughly five years. He's a life-long cinephile who spends way, way too much money buying blu-rays and trade paperbacks.
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