 Warner Bros. Discovery trimmed its full-year earnings guidance for 2023 on Tuesday by $300 million to $500 million because of the continued strike by actors and writers, which has stopped production of most shows and movies. 

 The corporate parent of CNN had previously told investors that it expected the strike to be over by early September. But WBD now says it cannot predict when the strike will ultimately end, and it assumes the impact will continue through the rest of this year. 

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Warner Bros. Discovery trimmed its full-year earnings guidance for 2023 on Tuesday by $300 million to $500 million because of the continued strike by actors and writers, which has stopped production of most shows and movies.{ai:summary}Warner Bros. Discovery reduced its earnings guidance for 2023 by $300-500 million due to the ongoing strike in the entertainment industry. The strike, involving actors and writers, has halted production on numerous shows and movies. The company originally anticipated the strike to conclude in early September, but it is now uncertain when it will end. #entertainment

Warner Bros. Discovery says actors and writers strikes will cost it up to $500 million this year | CNN Business

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