Warner Bros. Discovery Inc WBD shares are trading higher by 3.3% to $12.68 Monday morning, reversing following Friday's weakness. The stock fell Friday amid the ongoing SAG-AFTRA and Writers Guild of America (WGA) strikes and the postponement of the release of "Dune: Part Two" from November to March 15, 2024.
Labor strikes often result in increased production costs due to the need for temporary workers or alternative arrangements. These additional expenses can strain WBD's financials, impacting profitability and cash flow.
The ongoing strike is causing disruptions in film, TV and content production at WBD. These delays in releasing new content affect revenue generation and overall audience satisfaction. Investors may interpret this negatively, leading to potential stock price declines.
Due to the shift, the release date for "Godzilla x Kong: The New Empire" initially scheduled for March 14, has been moved to April 12. This domino effect also pushed an animated "Lord of the Rings" film, earlier slated for April, to December...Read More
According to data from Benzinga Pro, WBD has a 52-week high of $16.34 and a 52-week low of $8.82.
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