'We would need to see movement on negotiations with SAG-AFTRA to have complete comfort over the near-term slate,' noted one analyst.
B. Riley analyst Eric Wold says “we have been optimistic that an agreement would be reached sooner rather than later and view Sunday’s news as bolstering our positive view on the exhibition space.”
Concluded the analyst: “Should both strikes be resolved in the near future, we would expect studios to do all they can to keep the 2024 film slate intact during the industry recovery.” Other programming could follow soon. “It is possible that scripted production could be back on track before the end of October, if the SAG-AFTRA negotiations are settled expeditiously,” the analyst argued. “Given the length of the strike, an October settlement would still likely mean a meaningful degree of disruption to previously planned 2024 TV/film output, but at a significantly lesser scale than would have occurred if the strike had continued throughout the fourth calendar quarter.
“We’ve been hearing from our experts that any deal studios make would likely cost them less than what they stand to lose from the fall TV season being wiped out,” he wrote. “That being said, the gap between what writers were asking for and studios were offering this summer was in the hundreds of millions per year.”
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