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 wrote: “The Company 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.”
More to come…
