The WGA strike, the first in Hollywood for 15 years, could hurt some media companies and help others.
The 2007-08 writers’ strike, and lingering mistrust between big media companies and their Hollywood workers, has cast a long shadow over current WGA contract talks.
Should the traditional TV channels run out of fresh programming, Wieser said that could accelerate consumers’ migration to streaming services — further threatening the broadcast networks and cable channels. “The consequences of a very long strike could prove bothersome and even dire, under certain circumstances, for the many media companies along the food chain that rely on the scripted entertainment content [that] studios produce and that have minimal diversity, minimal sports rights and news programming,” Moody’s said.
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