"Studios' Final Offer Sparks Hope for Resolution to SAG-AFTRA Strike"

Warner Bros. Discovery CEO David Zaslav expressed hope for a resolution to the SAG-AFTRA strike, stating that the company's last and final offer meets most of the union's goals. The strike has heavily impacted production, affecting the third and fourth quarters, with potential spill-over into 2024. Despite the strike, Warner Bros. Discovery highlighted its strong cash flow and streaming profits, along with its ability to pay down debt, positioning the company favorably compared to its peers. The company plans to bolster its streaming platform with a beefed-up content lineup, including new seasons of popular shows and highly anticipated series.