Yahoo Entertainment Warner Bros. Files Adjusted Income Report, Feeling the Burn of Withheld Work
Remember earlier this month when Warner Bros. said that it had saved money on the strikes? Well, it seems like that may have been more than a little presumptuous. Today, Warner Bros. filed a document with the Securities and Exchanges commission that said it would be losing more money than expected in quarter three because of the ongoing strikes.
Warner Bros. filed an updated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) with the SEC (which you can read here) that says the company will lose nearly half a billion because of the ongoing work stoppage. “The Company is expecting lower adjusted EBITDA for the full year in the range of $10.5 to $11 billion, reflecting the Company’s assumption that adjusted EBITDA will be negatively impacted by approximately $300 to $500 million, predominantly due to the impact of the strikes.” This adjustment comes in part from the fact that the strikes will extend past WB’s initial estimated resolution timeframe.
Read more
Bethesda Explains Starfield's Complete Lack Of Ground Vehicles
Grimes Demands Elon Musk Let Her See Their Son in Now-Deleted Tweet
Jimmy Fallon is the latest television host to face toxic workplace allegations
Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.
More from Gizmodo
Russell Wilson and his diva ways weren't ready for a coach like Sean Payton
What Two Soviet Tourists Thought Of America While On A 10,000-Mile Road Trip In 1936
DEA Raid On Retiree's Yacht Finds Drugs, Guns and Sex Workers On Board
Formula 1 Owners Are Stuck Marketing A Sport After They Sold Us Entertainment
Sign up for Gizmodo's Newsletter. For the latest news, Facebook, Twitter and Instagram.
