Create Account Login
Stocks

Disney sees higher costs to create content after Hollywood pay raises

News RoomBy 0 ViewsNo Comments1 Min Read

© Reuters. FILE PHOTO: SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. REUTERS/Mario Anzuoni /File Photo

(Reuters) – Walt Disney (NYSE:) said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased costs to create content.

The media conglomerate expects its fiscal 2024 capital expenditure to total roughly $6 billion and spend on produced and licensed content to be about $25 billion.

Read the full article here

Share.

Related News

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Creat Account

Navigation

Platforms

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

Products

For Investors

facebook

twitter

youtube

telegram

instagram

email

Terms & Privacy Policy

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision