Endeavor CEO Ari Emanuel Says Strikes Raise “Real Issues” That Will Take “Months, Not Days” For Parties To Resolve; Company Expects $25M In Monthly Revenue Impact

deadline.com:

Endeavor Group Holdings CEO Ari Emanuel pledged loyalty to company clients involved in Hollywood’s dual strikes and the company said it expects a $25 million monthly hit to revenue from the labor impasse. “I’ve been through many strikes in my more than 35 years of representing actors, writers and creatives of all types, whose livelihoods depend on the entertainment economy,” Emanuel said during prepared remarks on the company’s second-quarter earnings call with Wall Street analysts. “Time and again, our industry has navigated change and now is no exception as we adjust to new distribution models and technologies.

There are real issues to work through, and we continue to stand with our clients, advocate on their behalf and push for a resolution that protects their creative and commercial interests.” The topic of the strikes dominated the 45-minute call, coming up in some form in nearly every question posed by analysts.

Emanuel had personally stepped forward in July along with CAA’s Bryan Lourd to try to broker an 11th-hour settlement of the actors strike but those efforts did not bear fruit.

Emanuel cautioned that the process will take “months, not days” to be fully resolved, with a gradual ramp-up of business activities required even if parties agree to terms by the fall, as many observers have predicted.