Studios Are Raking in Profits While Actors and Writers Are on Strike
Media executives say they’re in good shape despite walkout by talent
The strike by the writers, which began in May, has already run longer than the union’s previous work stoppage in 2007.
Photographer: Chris Delmas/AFP/Getty Images
Large media companies have been reporting stronger-than-expected profits as the twin strikes by Hollywood writers and actors grind on.
While the executives who make and distribute films and TV shows all say they’d like their workers to return soon, their businesses are seeing a huge short-term benefit from the work stoppages: No production means no expenses.
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Studios Are Raking in Profits While Actors and Writers Are on Strike