“The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of ‘Barbie’ as well as incremental impact from strike-related factors,” the entertainment giant says in a regulatory filing.
Good. If an industry won’t compensate its workers properly, it should be burned to the ground, literally and metaphorically.
Especially when it’s as easily replaceable as a movie publisher. It’s not as if WBD going under would result in 25% less TV/movies, and 25% less employment!
If I were the strikers, I’d be seeing the bankruptcy of one or more large studios as a goal unto itself right now.
Dream outcome: studios go bankrupt and then the strikers pool resources to buy assets and start their own worker-owned film studios
It’s not as cool as you think. Activision and EA both started essentially that way for games, but became what they are now as soon as the founders started leaving. It works great for a while, then they just become what they opposed.
I’m pretty sure it was Ben Affleck or Matt Damon who I heard on a podcast recently that was doing this very thing.