Warner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million tied to the ongoing Hollywood writers’ and actors’ strike.

The U.S. film and television industries remain paralyzed by the dual strikes. The writers strike began in May and the actors joined them on July 14.

Warner Bros. Discovery owns HBO and Max, CNN, TNT and a host of other entertainment outlets, including DC Comics.

The company said in a regulatory filing that it now expects 2023 adjusted earnings before interest, taxes, depreciation and amortization to be between $10.5 billion to $11 billion, down from $11 billion to $11.5 billion.

“While (Warner Bros. Discovery) is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end. With both guilds still on strike today, the company now assumes the financial impact to (Warner Bros. Discovery) of these strikes will persist through the end of 2023,” the company stated.

A federal judge in New York City has ruled that evidence shows a company whose after-market triggers can make semiautomatic AR-15-style rifles fire like automatic weapons fraudulently misled consumers that the devices were legal.

The judge issued a preliminary injunction barring North Dakota-based Rare Breed Triggers from selling any more of its forced-reset triggers until further notice.

The ruling came in the government’s civil fraud lawsuit, which remains pending against the company. Government officials argue the company’s FRT-15 triggers qualify as illegal machine guns. But Rare Breed says the triggers are legal semiautomatic devices and it will continue fighting the lawsuit.