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…
The financial impact of ongoing actors and writers strikes has a number on it now, or one at least, assaid today it’s looking at a hit of $300 million to $500 million in adjusted EBTITDA for 2023 due to the work stoppages.
In a filing this morning with the Securities and Exchange Commission, WBD said “it is expecting lower adjusted EBITDA for the full year in the range of $10.5 to $11 billion, reflecting the company’s assumption that adjusted EBITDA will be negatively impacted by approximately $300 to $500 million, predominantly due to the impact of the strikes.”
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