The writers’ union assured that approving the agreement they propose would be more profitable than the losses they say they will have to face due to the measures.
In the strike in hollywoodit is clear that the dispute between the large production companies and the screenwriters and actors unions it depends on whether these companies decide to invest in job improvements for workers. Now, Warner Bros. Discovery assured that the measures of force could cost him between 300 and 500 million dollars during 2023something that the unions did not let go: they assure that their proposal would be more profitable than that.
The company lowered its earnings expectations for 2023 from between US$11 billion and US$11.5 billion, to between US$10.5 billion and US$11 billion. The reason the company explained is “predominantly because of the impact of the strikes.”
“Although we are hopeful that the strikes will be resolved soon, we cannot predict when they will end,” Warner Bros. Discovery said in a document, adding: “With both unions on strike, the companies must bear the financial impact they will incur if these measures persist through the end of the year.”
Hollywood Strike: Writers Guild Responds to Warner Bros. Discovery
Upon learning of this Warner Bros. Discovery document, the Hollywood Writers Guild (WGA) had a definitive answer with Warner Bros. Discovery and the other companies against which they protest (grouped in the AMPTP). “Agreeing to the WGA proposal would cost Warner Bros. Discovery an estimated $45 million a year”the union published on its Twitter account.
In this way, the union of workers seeks make it clear that reaching an agreement with them would be cheaper for the companies than the losses that they say they will have because of the strike. In the same post, the WGA shared the amounts that would cost each company part of the AMPTP.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
