WBD’s David Zaslav Says Industry Must Focus And Fight To Resolve Strikes As They Spill Into The Fall
deadline.comDavid Zaslav said today that Warner Bros. Discovery had anticipated putting Hollywood strikes in the rear-view mirror this month, but with no end in sight, “We are really going to fight to get this resolved.” “I was in LA the last two days, and we really have to focus as industry — and we are trying — to get this resolved in a way that is really fair and everyone feels fairly treated,” he told investors at a Goldman Sachs media conference. “In our guidance, we said that this would be resolved in September.
And here we are in September. And this is really a very unusual event to have. The last time it happened was 1960. And so what we did is, we just said we are really going to fight to get this resolved.” He didn’t specify what his company, or others, are doing to push forward a resolution.
On Tuesday, WBD revised the financial impact the dual strikes will have on the company — higher free cash flow and lower earnings in 2023.
For Wall Street, the more free cash flow the better and investors don’t yet appear particularly pained. But Zaslav’s comments today were a bit longer and maybe a bit more urgent sounding that previously.
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