Media Stocks Surge as SAG-AFTRA Strike Ends with Tentative Agreement

Media stocks surged after the settlement of the months-long SAG-AFTRA strike, with Warner Bros. Discovery, Disney, and Paramount Global all experiencing gains. The strike's end means halted productions can resume, the theatrical release calendar can stabilize, and the industry can begin to recover after a challenging period. The tentative agreement, worth over $1 billion, will be presented to the SAG-AFTRA board for approval, with specific details expected to be revealed soon.