Warner Bros. Discovery shares are trading lower after the company postponed toe release of 'Dune: Part Two' amid the ongoing SAG strike.
Portfolio Pulse from Benzinga Newsdesk
Warner Bros. Discovery has postponed the release of 'Dune: Part Two' due to the ongoing SAG strike, causing its shares to trade lower.
August 25, 2023 | 5:16 pm
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Warner Bros. Discovery's decision to postpone 'Dune: Part Two' amid the SAG strike has led to a decrease in its share price.
The postponement of a major film release like 'Dune: Part Two' can have a significant impact on Warner Bros. Discovery's revenues and profitability, leading to a decrease in its share price. The ongoing SAG strike adds uncertainty to the company's operations, further affecting investor sentiment.
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