Disney, Warner, Netflix Brass Meet With WGA Reps To Resolve Strike — It Didn't Go Well
Portfolio Pulse from Anthony Noto
Studio executives from Walt Disney (DIS), Warner Bros. Discovery (WBD), and Netflix (NFLX) met with the Writers Guild of America (WGA) to discuss a contract offer aimed at ending the ongoing Hollywood strike. The meeting, however, was unsuccessful. The WGA criticized the studios' offer, which included increased minimum gains, employment guarantees for TV series writers, and greater transparency in viewership data, among other things. The strike has been ongoing for about 114 days.
August 23, 2023 | 4:29 pm
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NEGATIVE IMPACT
Disney's unsuccessful meeting with the WGA could prolong the ongoing Hollywood strike, potentially impacting the company's production schedule and revenues.
The ongoing strike could disrupt Disney's production schedule, leading to delays in content creation and potential revenue losses. The unsuccessful meeting indicates that a resolution may not be imminent, which could negatively impact Disney's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Netflix's unsuccessful meeting with the WGA could prolong the ongoing Hollywood strike, potentially impacting the company's production schedule and revenues.
The ongoing strike could disrupt Netflix's production schedule, leading to delays in content creation and potential revenue losses. The unsuccessful meeting indicates that a resolution may not be imminent, which could negatively impact Netflix's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Warner Bros. Discovery's unsuccessful meeting with the WGA could prolong the ongoing Hollywood strike, potentially impacting the company's production schedule and revenues.
The ongoing strike could disrupt Warner Bros. Discovery's production schedule, leading to delays in content creation and potential revenue losses. The unsuccessful meeting indicates that a resolution may not be imminent, which could negatively impact Warner Bros. Discovery's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100