Talk show producers in Hollywood are planning a return to work after the Writers Guild of America (WGA) reached a preliminary three-year agreement with major studios, potentially ending a nearly five-month-long strike. The tentative agreement still awaits approval from the union's leadership and broader membership. While the return of scripted series is contingent upon the SAG-AFTRA actors union reaching an accord with studios, talk shows such as "The Drew Barrymore Show" anticipate resuming in October. The prolonged strikes have had considerable financial ramifications, with shares of media giants like Warner Bros Discovery (WBD), Comcast (CMCSA), and Walt Disney (DIS) witnessing declines, while the broader S&P 500 index has risen.
Talk shows and other non-scripted programming might soon witness a revival as the Writers Guild of America (WGA) comes closer to resolving their strike with a preliminary agreement with major studios. The long-awaited deal, spanning three years, still requires the nod from the union's top brass and general members. However, the return of scripted series remains uncertain until an agreement is reached with the SAG-AFTRA actors union. Meanwhile, media company stocks like Warner Bros, Comcast, and Walt Disney took a hit due to the strike, while Netflix (NFLX), with its diversified global operations, experienced a rise.
Hollywood's almost five-month-long writer's strike might be nearing its end as the Writers Guild of America (WGA) has drawn up a preliminary three-year deal with top studios. However, this tentative arrangement needs approval from the union's leaders and wider members. Shows such as "The Drew Barrymore Show" are hopeful for a return in October, though scripted programs are on hold until the actors, who went on strike in July, reach an accord with studios. Amidst the strike, shares of major media corporations like Warner Bros Discovery, Comcast, and Walt Disney saw a dip, contrasting the growth observed in the broader S&P 500 index.
Hollywood is on the cusp of a gradual return as the Writers Guild of America (WGA) secures a preliminary deal, potentially ending a strike that lasted close to five months. The agreement, however, is still under scrutiny by the union's leadership and overall membership. Despite this forward movement, scripted series remain in limbo pending a resolution with the SAG-AFTRA actors union. The financial impact of the strike is evident, with media giants such as Warner Bros, Comcast, and Walt Disney seeing declines in share prices, while the broader S&P 500 index enjoyed a rise.
