Warner Bros. Discovery CEO David Zaslav says writers, actors strikes need to end as media industry is in a...
CNBC 2023-09-06 23:19:31 • 4 mins
Key Points
- Warner Bros. Discovery CEO David Zaslav said the writers and actors' strikes need to come to an end as the media industry is in a transitional moment.
- Earlier this week, Warner Bros. Discovery revised its full-year guidance, and expects earnings to take a hit of up to $500 million assuming the strikes last through the end of the year.
- Zaslav spoke Wednesday at Goldman Sachs' Communacopia and Technology conference.
In this article
- WBD
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Warner Bros. Discovery CEO David Zaslav.
Olivia Michael | CNBC
The media industry is in a transitional moment from streaming to traditional TV and the focus needs to be on ending the writers and actors' strikes, Warner Bros. Discovery CEO David Zaslav said on Wednesday.
"We're a content company. We're a storytelling company. And we need to do everything we can to get people back to work," Zaslav said Wednesdayat Goldman Sachs' Communacopia and Technology conference. "People need to be fairly compensated."
