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Warner Bros Discovery saves $100mn as Hollywood strikes keep costs down

Executives extol strategic focus on financial discipline as losses narrow in group’s streaming unit

Warner Bros Discovery chief executive David Zaslav urged a resolution to a historic labour strike in Hollywood while revealing that the work stoppage had saved the company about $100mn in the most recent quarter.

“We’ve all got to fight to get this resolved,” Zaslav told analysts on a call on Thursday. “We’re in uncharted waters . . . we’re hopeful to get back in the negotiating room soon.”

Zaslav’s comments come as striking writers and the major Hollywood studios prepare to speak on Friday, ending a stalemate in negotiations between the two sides.

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