Lionsgate Execs On WGA Strike, Starz Price Hike, Upcoming Separation Of Streamer & Studio
deadline.comLionsgate CFO Jimmy Barge said the company will see little to no financial impact from a three-month WGA strike – about how long the guild’s last work stoppage lasted — and that it hasn’t factored prolonged labor action into its guidance.
A strong content pipeline and large library makes the business pretty resilient, he told analysts Thursday. Asked if Lionsgate was changing financial projections based on the labor action that started May 2, he said no. “In terms of the motion picture group, I don’t think you are going to see a significant impact.
Looking at the 2008 precedent of three months, up to that point, I think the financial impact for us, if any, would be modest.
We’ve of course been preparing for a strike for several months and we have a significant content pipeline, completed projects, and, with our film and television library, our businesses are very resilient.
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