Warner Bros. Discovery CEO says writers' strike will be ended by 'love for the business and the love for working'
The CEO of media giant Warner Bros. Discovery says he thinks the widespread writers' strike will be ended by writers'"love of storytelling and lover for working." "I think a love for the business and the love for working," Zaslav told Squawk Box.
"Almost all of us got into this business, you know, with a lot of sacrifice in order to to be part of that journey. And so that's what's gonna bring us together."because of stagnating wages, rising living costs, and a significant drop in the average number of episodes being aired per season of a show. Meanwhile, the transition to streaming has effectively wiped out the traditional revenue stream of TV residuals — royalty payments.
While Zaslav lent into emotive arguments to end the strike, he did also suggest writers deserved a better pay package.
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