WBD CEO David Zaslav “Hopeful” For Resolution To SAG-AFTRA Strike As He Touts Studios’ Final Offer; Hints At M&A – “We Could Be Really Opportunistic”
deadline.com“Let me start by saying that we are hopeful we will reach a resolution to the SAG-AFTRA strike. We made a last and final offer, which met virtually all of the union’s goals, and includes the highest wage increase in 40 years, and I believe it provides for a positive outcome for all involved.
We recognize that we need our creative partners to feel valued and rewarded and look forward to both sides getting back to the business of telling great stories,” Warner Bros.
Discovery CEO David Zaslav said at the top of the company’s post-earnings call with Wall Street. He’s spoken in the same vein before about the SAG-AFTRA (and now-settled) WGA strikes — but actors are closer now with the AMPTP’s last and final offer currently being tweaked.
The strike hit the industry’s biggest content producer hard in the third quarter, with production at a standstill. It will squeeze the current fourth quarter too and the impact will likely spill into 2024, said CEO Gunnar Weidenfels. “As as we begin to formulate the initial framework or TV production business getting back to work into 2024, there is simply a lot we don’t know yet.
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