Warner Bros. Discovery says Hollywood strikes will cause up to $500M hit to 2023 earnings
Warner Bros. Discovery (WBD) estimated the ongoing writers and actors strikes will cost between $300 million to $500 million from lost 2023 earnings as TV and film productions remain halted, according to a new securities filing. Warner Bros. Discovery said it is expecting its adjusted earnings before interest, taxes, depreciation and amortization to take a hit...