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SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 25 (Reuters) - Big media companies gave up early share gains from hopes of an end to screenwriters' strike on Monday as focus shifted to an ongoing strike by actors, whose resolution is crucial for a full return to work in Hollywood. But a strike by a larger guild of actors is still on. Nearly 160,000 film and television actors, stunt performers and other media professionals walked off the job in July, demanding higher wages and protection against artificial intelligence use. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.

Persons: Mike Blake, Walt Disney, Susannah Streeter, Hargreaves Lansdown, WBD, David Zaslav, Rosenblatt, Barton Crockett, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur Organizations: Writers Guild of America, Disney Studios, REUTERS, Big, Warner Bros Discovery, Paramount Global, Hargreaves, Paramount, Disney, Netflix, Media, Thomson Locations: Burbank , California, U.S, Hollywood, Bengaluru

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. The union representing roughly 11,500 film and television writers and the group that represents the studios and streaming companies announced the preliminary agreement on Sunday. The three-year deal, whose details were not disclosed, needs to be approved by the leadership of the Writers Guild of America and union members to officially end the strike. But even after the approval, it will take longer for productions to resume as Hollywood actors are still on strike. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.

Persons: Mike Blake, Walt Disney, Susannah Streeter, Hargreaves Lansdown, WBD, David Zaslav, Craig Huber, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur Organizations: Writers Guild of America, Disney Studios, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Paramount, Disney, Media, Huber Research Partners, Thomson Locations: Burbank , California, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Uncertainty around the trajectory for interest rates, including a potential hike by year-end and expectations for fewer cuts next year, have pushed the 10-year Treasury yield to a 16-year high, hurting growth stocks. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 11 points, or 0.07%. HP Inc (HPQ.N) dipped 2.7% after Warren Buffett's Berkshire Hathaway (BRKa.N) sold nearly 4.8 million shares of the PC maker. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Berkshire Hathaway, Jerome Powell, dampening, Raffi Boyadjian, Walt Disney, Warren Buffett's Berkshire Hathaway, Jefferies, JD.com, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies Media, Nike, Dow, Nasdaq, Federal Reserve, Nvidia, Investors, Traders, XM, Dow e, Media, Warner Bros Discovery, Paramount Global, Netflix, HP Inc, PDD Holdings, Baidu, Thomson Locations: New York City, U.S, Berkshire, Bengaluru

Strike signs await striking SAG-AFTRA actors and Writers Guild of America (WGA) outside Disney Studios in Burbank, California, U.S., July 25, 2023. The WGA, which represents 11,500 film and television writers, described the deal as "exceptional" with "meaningful gains and protections for writers." While writing may resume, the SAG-AFTRA actors' union remains on strike. Efforts to restart daytime talk shows without writers, such as "The Drew Barrymore Show," collapsed this month, in the face of criticism from striking writers and actors. Even as studio executives celebrated the end of the longest-running writers' strike since 1988, it is only half the labor battle.

Persons: Mike Blake, Caroline Renard, Hollywood's, Drew Barrymore, Bob Iger, Iger, It's, Brandon K, Hines, Kevin Klowden, David Zaslav, Ted Sarandos, Donna Langley, AFTRA, Dawn Chmielewski, Lisa Richwine, Danielle Broadway, Christopher Cushing Organizations: Writers Guild of America, Disney Studios, REUTERS, WGA, Hollywood, SAG, Alliance, Television Producers, Walt Disney, Netflix, Warner Bros Discovery, Disney, Milken Institute, Reuters, Thomson Locations: Burbank , California, U.S, California, New Mexico, Georgia, New York, Los Angeles

The Writers Guild of America (WGA), which represents roughly 11,500 film and television writers, reached a preliminary three-year deal with major studios on Sunday. While actors remain on strike, late-night and daytime talk shows may resume production once their writers receive the Guild's greenlight to return to work in the coming days or weeks. Film and television producer Todd Garner said he expects that once actors reach a deal, scores of productions will race to restart at once. Major television shows and movies are contractually in first position with actors, Garner said. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.

Persons: David Swanson, Drew Barrymore, Barrymore, Jimmy Fallon, Todd Garner, Garner, " Garner, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Rosenblatt, Barton Crockett, Lisa Richwine, Dawn Chmielewski, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur, Sandra Maler Organizations: Netflix, Writers Guild of America, REUTERS, Hollywood, Guild of America, SAG, Long, Warner Bros Discovery, Comcast, Hargreaves, Paramount, Disney, Thomson Locations: Los Angeles , California, U.S, California, Los Angeles, Bengaluru

☆ 10 things to watch in the stock market Monday, including Disney, Ford and Amazon
▼ + stars: | 2023-09-25 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

In the week ahead , Club name Costco (COST) reports its quarter after the closing bell Tuesday. The analysts also remove their price target, saying the generative AI narrative is "too positive a force to contend with." Club name Oracle (ORCL) gets a price target cut to $130 per share from $132 at BMO Capital, which keeps market perform (hold) rating. Jefferies downgrades Club name Foot Locker (FL) to hold from buy and cuts price target to $18 per share from $28. Citi lowers price target on Club name Starbucks (SBUX) to $104 per share from $112.

Persons: Jim Cramer, Guggenheim, Morgan Stanley, —, Max, CloudWorld, Jefferies, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Costco, Hollywood, Disney, Paramount, Comcast, Universal, Warner Bros Discovery, Writers Guild of America, Alliance, Television Producers, United Auto Workers, General Motors, Chrysler, Ford, UAW, Ford ., Club, Microsoft, OpenAI, Guggenheim, Apple, Pro, Oracle, BMO Capital, Jefferies, Nike, Citi, Starbucks, Jim Cramer's Charitable, CNBC Locations: Canada

☆ Hollywood’s brief thaw belies a long winter
▼ + stars: | 2023-09-25 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

The union representing movie and TV writers tentatively agreed to a new contract on Sunday, setting the stage to end a five-month impasse. Content production is back on the budget line for streaming services. They too want to share in the spoils of a successful movie or TV series on streaming services. Charter now doesn’t have to carry eight Disney networks including FXX and Disney Junior, while Disney also is giving Charter’s customers access to its ad-supported streaming services for no additional charge. The brief thaw belies a long winter.

Persons: Fran Drescher, Duncan Crabtree, Walt Disney, Bob Iger, Ted Sarandos, David Zaslav, Donna Langley, ”, Lauren Silva Laughlin, Aditya Sriwatsav Organizations: SAG, Writers Guild of America, Hollywood, Netflix, Reuters, Guild of America, Walt, Warner Bros Discovery, NBC Universal, Charter Communications, Disney, Disney Junior, WWE, Paramount Global, Paramount, Alliance, Producers, WGA, Thomson Locations: Los Angeles , California, U.S

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. While workers across the entertainment industry waited for word of the outcome, no agreement had been announced as of late Friday, the 144th day of the strike. Representatives for the WGA and the Alliance of Motion Picture and Television Producers (AMPTP), which represents the studios, had no comment. Producer and WGA member Al Septien, also picketing outside Netflix on Friday, said he wanted to get back to work, but only under the right terms. We don't want to fold for a less-than-fair and good contract for the writers,” he said.

Persons: Mike Blake, Walt Disney, Bob Iger, Ted Sarandos, David Zaslav, Donna Langley, Matthew Weiner, Weiner, Al Septien, We've, ”, Lisa Richwine, Dawn Chemielewski, Sandra Stojanovic, Shri Navaratnam Organizations: Writers Guild of America, Disney Studios, REUTERS, Netflix, Warner Bros Discovery, Comcast's, WGA, Alliance, Television Producers, SAG, Thomson Locations: Burbank , California, U.S, Angeles

☆ Warner Bros to expand British studios' production capacity by over 50%
▼ + stars: | 2023-09-22 | by ( David Lawder | ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsSept 21 (Reuters) - Warner Bros Discovery (WBD.O) on Thursday said it planned to expand production capacity at its Leavesden studios near London by more than 50%, adding 10 new sound stages to the facility where much of the "Barbie" blockbuster and HBO's "House of the Dragon" were filmed. Hunt told Reuters in a telephone interview that the investment would total 245 million pounds ($301 million). Warner Bros said it would increase the value of Leavesden's annual film and television production by 200 million pounds ($245.9 million), bringing it to 600 million pounds ($737.6 million a year, Warner Bros Discovery said. Hunt said the Leavesden project "is a huge vote of confidence in the UK" and will benefit from longstanding British tax breaks for local film and television production.

Persons: Alyssa Pointer, Jeremy Hunt, Hunt, Warner Bros, David Lawder, Chris Reese, Michael Perry Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, British Finance, Reuters, Warner, Warner Bros, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, London, Los Angeles, California, Silicon

☆ Warner Bros. to expand UK studios where ‘Barbie’ and ‘Harry Potter’ were filmed
▼ + stars: | 2023-09-22 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —Warner Bros. Discovery has announced plans for a major expansion of the UK studios where “Barbie” — its biggest movie of all time — was filmed. The “Harry Potter” series and the “House of the Dragon” television show were also shot at the Leavesden studios. News of the UK expansion comes as Warner Bros. CNN is owned by Warner Bros.

Persons: “ Barbie ”, —, ”, Harry Potter, Harry Potter ” Organizations: London CNN — Warner Bros, Discovery, DC Studios, Warner Bros, ’, “, Warner Bros ., Hollywood, Disney, Netflix, CNN, British Film Institute Locations: London, United Kingdom, United States

☆ Striking Hollywood writers, studios to meet again Friday
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Strike signs await striking SAG-AFTRA actors and Writers Guild of America (WGA) outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsLOS ANGELES, Sept 21 (Reuters) - Negotiators for Hollywood's major studios and striking film and television writers plan to meet again on Friday, the Writers Guild of America (WGA) said in a statement. Roughly 11,500 WGA members walked off the job in May, angered by how working conditions have changed in the streaming TV era. The SAG-AFTRA actors union went on strike in July, putting Hollywood in the midst of two simultaneous work stoppages for the first time in 63 years. Reporting by Lisa Richwine and Kanjyik Ghosh; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Walt Disney, Bob Iger, Ted Sarandos, Donna Langley, David Zaslav, Lisa Richwine, Kanjyik Ghosh, Edwina Gibbs Organizations: Writers Guild of America, Disney Studios, REUTERS, CNN, Alliance, Television Producers, WGA, Netflix, Warner Bros Discovery, SAG, Hollywood, Thomson Locations: Burbank , California, U.S

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. "While the dot plots suggest upside risks to interest rates, we retain our expectations that the hike cycle is likely done and for the Fed not to raise rates again," Mark Haefele Chief Investment Officer, UBS Global Wealth Management, said in a note. Meanwhile, weak performance of recent listings after their debut highs has dampened hopes of a likely revival in the initial public offering market amid high interest rates and broader market declines. Arm Holdings also fell 3.0% to $51.3 premarket, nearing its IPO price of $51 per share while Instacart (CART.O) lost 1.4%. ET, Dow e-minis were down 188 points, or 0.54%, S&P 500 e-minis were down 34.75 points, or 0.78%, and Nasdaq 100 e-minis were down 160.75 points, or 1.06%.

Persons: Brendan McDermid, Mark, Ankika Biswas, Shristi, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Federal Reserve, Apple, Nvidia, Wall, UBS Global Wealth Management, Arm Holdings, Dow e, Marvell Technology, Marvell, Warner Bros Discovery, Paramount Global, Writers Guild of America, WGA, Thomson Locations: New York City, U.S, Bengaluru

☆ Live sports is coming to Max streaming service in time for the MLB playoffs
▼ + stars: | 2023-09-19 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

CNN —Live sports is coming to Max. Discovery announced Tuesday it will launch a live sports tier on its Max streaming service on October 5 that will give subscribers access to more than 300 live games a year. The “Bleacher Report Sports Add-On” will include a package of live sports, including MLB, NHL, NBA, NCAA Men’s March Madness, and US Soccer events, WBD said. The addition of live sports arrives in time for the Major League Baseball playoffs, with the National League Division Series kicking off on October 7. WBD announced last month that it also plans to bring live news to the Max platform with a new CNN Max service starting on September 27.

Persons: Warner, WBD, CNN Max, ” JB Perrette, Max, ”, Luis Silberwasser Organizations: CNN —, Max, Warner Bros . Discovery, MLB, NHL, NBA, NCAA, Soccer, Major League Baseball, National League Division, Sports, TNT, TBS, CNN, Entertainment, Time Warner, Warner Bros, Discovery Sports

☆ After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability
▼ + stars: | 2023-09-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Entelis, Moseley, Sherling and Leavy all plan to stay at CNN as Thompson takes over as CEO, according to people familiar with the matter. Programming CNN MaxBefore joining The New York Times, Thompson was director-general — a combination of chief executive and editor-in-chief — of the British Broadcasting Corporation. He'll have a chance to develop new shows at CNN Max, a tab in Warner Bros. With CNN Max, Thompson will try to program for a younger audience. Thompson will have some runway to invest in CNN Max.

Persons: Brandon Bell, Mark Thompson, Thompson, Donald Trump, Entelis, CNN hasn't, Licht, Jeff Zucker, Andrew Morse, CNN Max, CNN's, —, Zucker, Jason Kilar, Max, JB Perrette, Gabelli's Kevin Dreyer Organizations: CNN, Getty, Licht, Warner Bros . Discovery, Republican, The New York Times, Times, New York Times, CNN.com, Athletic, British Broadcasting Corporation, Warner Bros, U.S, Variety, Disney Locations: Atlanta , Georgia, Thompson's, Moseley, Sherling

☆ Disney starts drafting broadcast TV’s grand finale
▼ + stars: | 2023-09-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

It was pretty much the only way to watch “Gunsmoke” or “Howdy Doody” until cable networks arrived in force in the 1980s, bundled together for a monthly subscription fee. For Disney, ABC represented a watershed moment. Look deeper and the big broadcasters attracted only one in five viewers, while one in three watched cable networks. The TV group, excluding cable networks such as Fox News, generated an EBITDA margin of nearly 12% for the year ending June 30. Assume any deal includes cable networks such as Disney Channel and National Geographic.

Persons: Walt Disney, Bob Iger, ”, Howdy Doody, Fox, Rupert Murdoch, Michael Eisner, Iger, what’s, “ Abbott, Singer, Morgan Stanley, Disney’s, they’re, reckons Morgan Stanley, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Oliver Taslic Organizations: Reuters, Magic Kingdom, ABC, Disney, ESPN, Charter Communications, American Broadcasting Company, NBC, CBS, Capital Cities, RJR Nabisco, Paramount Global, Comcast, Warner Bros Discovery, Fox, Paramount, National Football League, NFL, Reuters Graphics Reuters, Bloomberg, Apple, Nielsen, BET, Wall Street Journal, Charter, U.S . Federal Communications Commission, Local, Disney Channel, Geographic, Apollo Global Management, TPG, Walt Disney, Thomson Locations: U.S, United States

☆ Streaming subscribers are ready for added services, new research shows, as companies like Disney and Warner Bros. Discovery race to build bundles
▼ + stars: | 2023-09-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

The greatest interest was in shopping discounts (50%); 45% expressed interest in a bundle of more than one streaming service. "There's a way to differentiate yourself by tapping into those opportunities," he said of respondents' interest in other services. Of all countries surveyed, the appetite for streaming bundles was the strongest in the US, with 59% interested in streaming packages that included other streaming services or broadband/internet. Disney offers Disney+, ESPN+, and Hulu for one price and is in the process of migrating Hulu content into Disney+. EY also asked about recent price hikes for streaming services and found rising subscription fees haven't caused widespread cancellations.

Persons: EY, Tom Loozen, Peacock, HBO Max, David Zaslav, They're, Bob Iger, Loozen Organizations: EY Global Telecommunications Leader, Media, Comcast, Warner Bros, Discovery, AMC, Paramount, Walmart, Sky . Disney, Disney, ESPN, HBO, Apple, Hulu, Star, Paramount Global, Showtime Locations: Canada, EU, Asia, Hulu

☆ Disney, Charter reach distribution deal ahead of 'Monday Night Football'
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Rival media companies Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 2.3% and 2%, respectively. That deprived nearly 15 million Spectrum video subscribers of access to the U.S. Open tennis tournament, college football and other programming. Charter pays Disney more than $2.2 billion annually for the right to distribute the media giant's channels to subscribers. Companies like Charter say rising distribution fees are forcing cable companies to increase prices, causing consumers to leave. It wants to keep as many cable subscribers as possible while it prepares to offer ESPN directly to consumers on an app.

Persons: Brendan McDermid, Walt Disney, Robert Iger, Chris Winfrey, Akash Sriram, Maju Samuel Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Charter Communications, ESPN, NFL, Disney, Warner Bros Discovery, Paramount Global, ABC, U.S, Buffalo Bills, New York Jets, Charter, Companies, NBA, Thomson Locations: New York, U.S, New York City, Los Angeles, Bengaluru

☆ Warner Bros Discovery re-bundles the bundle
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Sept 7 (Reuters Breakingviews) - Warner Bros Discovery (WBD.O) is taking bundling to the max. The $27 billion entertainment company wants to add live sports from the National Basketball Association and Major League Baseball to its streaming service, free for a limited time, according to Bloomberg. Boss David Zaslav said on Wednesday at a Goldman Sachs conference that CNN will be available too. Warner Bros unveiled its new streaming service Max, which includes HBO, in April. The industry is packed with competitors, and at $16 a month, Max is already one of the most expensive.

Persons: Boss David Zaslav, Goldman Sachs, Max, Walt Disney, Jennifer Saba, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Warner Bros Discovery, National Basketball Association, Major League Baseball, Bloomberg, Goldman, CNN, Warner Bros, HBO, Cable, Charter Communications, ESPN, X, Thomson

☆ Warner Bros Discovery plans to offer live sports for free on Max - Bloomberg News
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

The exterior of the Warner Bros. Discovery Atlanta campus is pictured in Atlanta, Georgia, U.S. May 2, 2023. REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsSept 6 (Reuters) - Warner Bros Discovery (WBD.O) plans to offer live sports at no additional price on its Max streaming service for a short period later this year, Bloomberg News reported on Wednesday. The company owns media rights to National Basketball Association and Major League Baseball, among other sporting events. Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, Akash Sriram, Krishna Chandra Eluri, Shilpi Majumdar Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, Bloomberg, Reuters, National Basketball Association, Major League Baseball, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru

Discovery boss David Zaslav called for Hollywood to work together to end the writers and actors strikes, which have crippled Hollywood and which WBD this week said could cost the company as much as $500 million this year. “We really have to focus as an industry, and we are, on trying to get this resolved in a way that’s really fair,” Zaslav told the Goldman Sachs Communacopia + Technology Conference on Wednesday. As soon as the strikes are resolved, he said, “everybody is ready to get back to work, us in particular.”Warner Bros. SAG-AFTRA, which represents about 160,000 actors, joined the writers on strike on July 14. We need to do everything we can to get people back to work,” Zaslav said.

Persons: David Zaslav, “, ” Zaslav, Goldman Sachs, Warner, Mario Anzuoni, Reuters “, Shawn Fain, doesn’t Organizations: CNN, Warner Bros, Hollywood, Technology, The, Guild of America, SAG, Writers Guild of America, Netflix, Reuters, “, ” Unions, Teamsters, UPS, United Auto Workers, GM, Ford, UAW Locations: Hollywood, Los Angeles , California, U.S

☆ How the Disney-Charter feud over cable fees could burst the sports-rights bubble
▼ + stars: | 2023-09-06 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Distributors are making it harder for legacy media companies like Disney to bid for valuable sports content. "Historically, I felt media companies had the advantage with the content," Naveen Sarma, senior director of US Media & Telecom at S&P Global Ratings, told Insider. "The cable companies inevitably gave in. For the past couple years, we've wondered why the cable companies weren't taking the stand." "Some of the tech and streaming companies have the ability to be global and create custom packages for leagues.

Persons: —, NBCUniversal, Fox, that's, Naveen Sarma, we've, Disney, WBD, Max, David Zaslav, LightShed, Marty Conway, Conway Organizations: Big Tech, Distributors, Disney, Apple, Charter Communications, Sports, P Global Market Intelligence, Paramount, Warner Bros, ESPN, Media, US Media, Telecom, Hulu, NBA, Fox, 4Q, UBS, LightShed Partners, YouTube, Georgetown University, Major League Baseball, NFL, MLS, Tech, aren't

☆ Disney's dispute with Charter is a lose-lose, underscoring just how broken legacy TV has become
▼ + stars: | 2023-09-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The almost weeklong stalemate between Disney and Charter lays bare the broken business model around distributing legacy television in the age of cord-cutting. In the talks, Charter agreed to shell out more than the $2.2 billion annually it paid Disney under the old carriage deal. DIS 1M mountain Walt Disney stock performance month-to-date. Linear TV is an issue for Disney. However, we would like to see a quick end to the Charter dispute and to see Iger resolve Disney's challenging position in the traditional linear TV market.

Persons: Walt Disney, Bob Iger, Jim Cramer, Iger, Disney, Jim Cramer's, Jim Organizations: Hollywood, Charter Communications, Disney, Charter, ESPN, ABC, Spectrum's, U.S, Hulu, Walt Disney, Warner Bros Discovery, JPMorgan, The, CNBC, SportsCenter, ESPN Headquarters, Washington Post, The Washington Post, Getty

☆ Hollywood strikes to hit Warner Bros revenue for rest of the year
▼ + stars: | 2023-09-05 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photo Acquire Licensing RightsSept 5 (Reuters) - Warner Bros Discovery (WBD.O) is bracing for a hit to its full-year profit as the ongoing strike by Hollywood actors and writers shows no signs of let-up. The actors' strike has prompted movie studios to adjust film schedules in the absence of celebrities to hit red carpets or talk shows to help build buzz. Warner Bros Discovery had previously provided financial guidance for 2023 assuming the strikes would be resolved by early September. Warner Bros also said CEO David Zaslav would be participating in an investor conference on Sept. 6, and expects to discuss, among other topics, the impact of the ongoing strikes.

Persons: Alyssa Pointer, it's, Max Willens, Warner Bros, David Zaslav, Samrhitha, Jaspreet Singh, Krishna Chandra Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Hollywood, Warner Bros, Intelligence, AMC Entertainment, Warner, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, California, Bengaluru

☆ Barbie’s a boss but not a business model
▼ + stars: | 2023-09-05 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 5 (Reuters Breakingviews) - Warner Bros Discovery (WBD.O) boss David Zaslav is playing too much with Barbie. Mattel (MAT.O), the $8 billion company behind the brand, has increased its market value 20% since late May, growing three times as fast as the S&P 500 Index (.SPX). Lego partnered with Warner Bros in 2014 to produce a movie featuring its renowned plastic bricks. Unlike Disney and its superheroes, Warner Bros doesn’t own the blonde bombshell. Barbie may be this year’s boss, but she and her nostalgic ilk are unlikely to become business models.

Persons: David Zaslav, Barbie, Margot Robbie, Harry Potter, Polly, Cuties, Walt Disney’s, Bob Iger, Warner, oligopolistic, Davidson, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Warner Bros Discovery, Mattel, Warner Bros, Marvel, Disney, McKinsey, Harley, Thomson

☆ Warner Bros. Discovery cuts profit outlook due to writers and actors strikes
▼ + stars: | 2023-09-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

Discovery trimmed its full-year earnings guidance for 2023 on Tuesday by $300 million to $500 million because of the continued strike by actors and writers, which has stopped production of most shows and movies. The corporate parent of CNN had previously told investors that it expected the strike to be over by early September. SAG-AFTRA, which represents about 160,000 actors, joined the writers on strike on July 14. There has been little signs of progress between the two sides since the strikes started. Other companies that are being struck include Apple, Amazon, CBS, Disney, NBC Universal, Netflix, Paramount Global and Sony.

Persons: WBD, “ WBD, ”, Barbie Organizations: New, New York CNN, Warner Bros, CNN, Securities and Exchange Commission, Guild of America, SAG, Apple, CBS, Disney, NBC Universal, Netflix, Paramount Global, Sony Locations: New York

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