Hollywood strikes to hit Warner Bros revenue


Warner Bros Discovery expects adjusted earnings to be reduced by around US$300mil to US$500mil for the full year and be in the range of US$10.5bil to US$11bil. — Reuters

LOS ANGELES: Warner Bros Discovery is bracing for a hit to its full-year profit as the ongoing strike by Hollywood actors and writers shows no signs of letting up.

Hollywood is experiencing its first dual work stoppage of writers and actors in 63 years, halting productions across the industry and costing the California economy billions of dollars.

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