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Writers Guild East Leader Says This 100-Day Strike Is Different: Studios More “Obstinate” Now (www.hollywoodreporter.com)

submitted 1 year ago by [email protected] to c/[email protected]

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As picketers gathered in front of Netflix and Warner Bros. Discovery locations, outgoing WGA East president Michael Winship said the AMPTP is different than in 2007-2008: "It's just gonna take a little while longer."

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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

Media companies have been hemorrhaging money like a patient bleeding out on the operating table ever since Covid and their ill-advised entry into streaming. They have more to lose. A couple of them have a nice infusion of cash following some summer movie blockbusters, but that will only give them a little more runway.

I don't know off-hand where things stand with the most recent quarterly earnings, but I recall, for instance, WB Discovery lost $200M per week in the final quarter of 2022.