Warner Bros Discovery warned Thursday that the ongoing writers' and actors' strikes in Hollywood could hurt business further after taking a second-quarter hit.
Constellation Research CEO Ray Wang and FOX Business’ Kelly O’Grady weigh in on the Hollywood strikes and detail its impact on the economy and streaming production on ‘Cavuto: Coast to Coast.’
"While we are hoping for a fast resolution, our modeling assumes a return-to-work date in early September," he added. Zaslav echoed those sentiments, saying, "We're hopeful that all sides will get back to the negotiating room soon, that these strikes get resolved in a way that the writers and actors feel they are fairly compensated and their efforts and contributions are fully valued."are on strike together for the first time in over six decades, after actors joined writers a few weeks ago in their monthslong strike against the studios.
Actors, represented by Screen Actors Guild-American Federation of Television and Radio Artists want increased minimum pay rates, increased streaming residuals and guarantees from studio and production companies about how, exactly, AI will be used.
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