Warner Bros Discovery is adjusting its full-year 2023 expectations due to the ongoing writers' and actors' strikes that halt production production. Warner Bros Discovery owns TV and movie studios like Warner Bros and expects the financial impact of the strikes to continue through the end of the year. Movies like "Dune: Part Two" have been delayed from 2023 to 2024 partially due to the strikes limiting marketing abilities. The company still expects to hit its net leverage target for the year despite the earnings impact, thanks to the box office success of the movie "Barbie."
