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Coverage dated September 4, 2023

Warner Bros Discovery expects earnings hit of up to $500 million as strikes drag on

Headline from NBC 6 South Florida

Warner Bros. Discovery cut profit expectations as the writers’ and actors’ strikes drag on, keeping production halted.

NBC 6 South Florida's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

15 articles, oldest first.

  1. Fortune

    Hollywood's strikes are bulldozing the economy to the tune of 17,000 jobs and forcing a major studio to cut earnings guidance by $500 million. (opens Fortune)

    Published

    Fortune's feed description

    The dual Hollywood strikes have eliminated legions of jobs and forced Warner Bros. Discovery to cut its projected profits.

  2. NBC 6 South Florida

    Warner Bros Discovery expects earnings hit of up to $500 million as strikes drag on (opens NBC 6 South Florida)

    Published

    NBC 6 South Florida's feed description

    Warner Bros. Discovery cut profit expectations as the writers’ and actors’ strikes drag on, keeping production halted.

  3. Forbes

    Warner Bros. Discovery Claims Strikes Could Cost Company Up To $500 Million (opens Forbes)

    Published

    Forbes's feed description

    The financial impact of the writers and actors strikes will likely persist through the end of the year, according to the company.

  4. Deadline

    Warner Bros. Discovery Sees Earnings Hit From Strikes Of Up To $500 Million This Year (opens Deadline)

    Published

    Deadline's feed description

    The financial impact of ongoing actors and writers strikes has a number on it now, or one at least, as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adj…

  5. The Hollywood Reporter

    Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M-$500M Hit to 2023 Earnings (opens The Hollywood Reporter)

    Published

    The Hollywood Reporter's feed description

    "The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of 'Barbie' as well as incremental impact from strike-related factors," the entertainment giant says in a regulatory filing.

  6. New York Post

    Warner Bros. warns of profit hit of up to $500M over Hollywood strikes (opens New York Post)

    Published

    New York Post's feed description

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

  7. Los Angeles Times

    Warner Bros. Discovery says strikes could cut profits by as much as $500 million (opens Los Angeles Times)

    Published

    Los Angeles Times's feed description

    Warner Bros. Discovery had hoped the WGA and SAG-AFTRA strikes would be resolved by early September. Company now says financial impact of the strikes will extend through this year.

  8. Investopedia

    Warner Bros. Discovery Warns of Hit From Hollywood Strikes (opens Investopedia)

    Published

    Investopedia's feed description

    Warner Bros. Discovery shares gained as the entertainment giant raised its 2023 free cash flow guidance, but warned that Hollywood strikes would negatively impact its earnings.

  9. Local News 8

    Warner Bros. Discovery says actors and writers strikes will cost it up to $500 million this year (opens Local News 8)

    Published

    Local News 8's feed description

    Warner Bros. Discovery trimmed its full-year earnings guidance for 2023 on Tuesday by $300 million to $500 million because of the continued strike by actors and writers, which has stopped production of most shows and movies.

  10. Variety

    Warner Bros. Discovery Says It Will Take $300-$500 Million Hit in 2023 Earnings Due to Dual WGA/SAG-AFTRA Strikes (opens Variety)

    Published

    Variety's feed description

    Warner Bros. Discovery expects the ongoing Hollywood strikes to have a $300-$500 negative impact on the company’s 2023 earnings. In an SEC filing Wednesday, the David Zaslav-led media giant s…

  11. WHEC Rochester

    Hollywood strike stings Warner Bros., profit outlook for the year trimmed by as much as $500 million (opens WHEC Rochester)

    Published

    WHEC Rochester's feed description

    Warner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million tied to the ongoing Hollywood writers’ and actors’ strike. The company said in a regulatory filing that it now expects 2023 adjusted earnings before interest, taxes, depr…

  12. FOX Business

    Warner Bros. Discovery says Hollywood strikes could cost company up to $500M this year (opens FOX Business)

    Published

    FOX Business's feed description

    Warner Bros. Discovery cut its earnings outlook for the year by hundreds of millions of dollars, blaming the ongoing Hollywood actors and writers strikes.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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