Bob Bakish Says “Pretty Big Gap” Between Studios, WGA; Paramount Has “Many Levers To Pull” If Strike Prolonged
deadline.comParamount CEO Bob Bakish said today that “writers are essential in creating content and… we hope we can come to a resolution that is good for everyone fairy quickly.
But it’s also fair to say there is a pretty big gap today, and it’s really a multifaceted kind of bid and ask.” “Obviously we have been planning for this,” he told Wall Street analysts on a post-earnings conference call, speaking to the WGA strike now entering its third day. “We do have many levers to pull and that will allow us to manage through the strike even if it’s an extended duration.” “In terms of those levers.
we have a lot of content in the can. So with the exception of late-night, consumer won’t notice anything for a while. Add to that a broad range of reality and unscripted as well as sports, and that is not affected.
We can do more in those areas if necessary.” “Plus we have offshore production, which we had been moving to leverage pre-strike anyway as part of our broader strategy.
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