Warner Bros. Discovery looks to retire more debt as CEO touts 'meaningful improvements to our balance sheet'
The studio topper added he was focused on the Hollywood strikes. “This is our business. This is all we do… We’re in uncharted waters in terms of the world as it is today and measuring it all. And so in good faith, we’ve all got to fight to get this resolved,” Zaslav added, without directly answering an analyst question over how far apart the actors and writers union and the AMPTP, which is negotiating on behalf of the studios and streamers, were.
The studio’s CFO Gunnar Wiedenfels on the analyst call said the dual Hollywood strikes would inevitably impact the timing and performance of future Warner Bros. Discovery content. “While we are hoping for a fast resolution, our modeling assumes a return to work in early September,” although Wiedenfels pointed to the prospect of the labor action continuing further into the year.
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