The strikes have disrupted most fall TV production and halted work on films as workers battle over pay in the streaming era.
Toymaker Hasbro announced Thursday that it would sell its eOne film and TV studio to Lionsgate Entertainment by the end of year.
By doing so, Hasbro is (quote) "dodging a bullet in terms of the content pipeline," one media expert told Reuters.
And Warner Bros. Discovery warned that the strikes may affect the studio's "ability to produce and deliver content."
In its earnings call Thursday, talk of the strikes cast a pall on what was already a tough second quarter for the company....
Warner Bros.' would-be summer blockbuster "The Flash" flopped - causing the studio to take a revenue hit, missing Wall Street estimates.
And while its "Barbie" film is a big success, the company incurred significant costs marketing the movie. "Barbie"'s July release means the studio won't reap potential box office rewards until the third quarter.
Warner Bros. Discovery - which was forged by last year's union of WarnerMedia and Discovery - also reported that total global streaming subscribers for its HBO, Max and Discovery+ services dropped by about 2 million from the end of the first quarter to 95.8 million subscribers.
CEO David Zaslav, however, said that the streaming business is (quote) "tracking well ahead of our financial projections," generating positive core earnings in the first half of 2023.
Shares of Warner Bros. Discovery moved lower in Thursday trading.
