Endeavor CEO Ari Emanuel Hopes For End To Actors Strike “In The Next Couple Days”; Company Says Dual Walkouts Cut Q3 Revenue By $40M To $50M, Expects More Damage In Q4
deadline.comEndeavor CEO Ari Emanuel expressed hope that “the strike ends in the next couple days,” referring to the SAG-AFTRA impasse still paralyzing Hollywood.
Even after the expected end to the historic dual walkouts by SAG-AFTRA and WGA, he said during the company’s third-quarter earnings call, many productions would need time to regroup and get back up and running.
The early part of 2024 the likely window when shooting would fully resume, Emanuel said, with the process of scheduling actors creating a frenzy in the final weeks of 2023. “There’s tons of pent-up demand, lots of stuff on the runway,” Emanuel said.
CFO Jason Lublin estimated the Hollywood strikes had a negative impact of $40 million to $50 million in the third quarter. His assessment came after the WME parent reported mixed third-quarter results, with sports gains lifting revenue but the WGA and SAG-AFTRA strikes hampering the company’s Representation unit.
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