Warner Bros. Discovery Says Strikes Saved It More Than $100 Million in Q2, David Zaslav Hopes Negotiating Resumes Soon

variety.com:

Jennifer Maas TV Business Writer Warner Bros. Discovery reported the Hollywood writers and actors’ ongoing work stoppage had brought the company savings in the “low$100 million range” during its Q2 earnings results call Thursday. “We’re in the business of storytelling.

Our goal is to tell great stories, stories with the power to entertain and, when we’re at our best, inspire with stories that come to life on screens big and small,” Zaslav said. “We cannot do any of that without the entirety of the creative community, the great creative community.

Without the writers, directors, editors, producers, actors, the whole below-the-line crew. Our job is to enable and empower them to do their best work.

We’re hopeful that all sides will get back to the negotiating room soon and that these strikes get resolved in a way that the writers and actors feel they are fairly compensated and their efforts and contributions are fully valued.” Following Zaslav’s initial remarks, CFO Gunnar Wiedenfels stated that WBD had saved more than $100 million due to the strikes.