Disney and Warner Bros. Discovery are facing challenges in the entertainment industry due to higher production costs and the impact of Hollywood strikes. Disney anticipates increased content creation costs following Hollywood pay raises. Warner Bros. Discovery experienced a boost from 'Barbie' in Q3 but was affected by Hollywood strikes. The strikes have led to a 22% decline in combined ad spend for films, TV shows, and streaming services. This has also affected streaming TV ad prices, as reported by Business Insider.
Warner Bros. Discovery Sees ‘Barbie’ Boost In Q3 But Hurt By Hollywood Strikes https://t.co/b7xD63dNO5
🔻🔻🔻 Hollywood Strikes Prompt 22% Decline in Combined Ad Spend for Films, TV Shows and Streaming Services https://t.co/ixGD5fpGE7
Streaming TV ad prices - Business Insider https://t.co/4YmSr2kkdd
Hollywood Strikes Prompt 22% Decline in Combined Ad Spend for Films, TV Shows and Streaming Services https://t.co/ixGD5fp8Oz
Warner Bros. Discovery Sees ‘Barbie’ Boost In Q3 But Hurt By Hollywood Strikes https://t.co/tJFGrOi74S
Disney sees higher costs to create content after Hollywood pay raises https://t.co/LVLXOiBaW7 https://t.co/fh6jjvDuy7