Connect with us

Hi, what are you looking for?

Entertainment

Paramount Global CEO Addresses WGA Strike and Its Impact on the Company

paramount logo
paramount logo

Paramount Global’s CEO, Bob Bakish, recently spoke about the ongoing Writers Guild of America (WGA) strike during a virtual shareholders meeting. He acknowledged the crucial role writers play in creating content for the company’s platforms and expressed hope for a swift resolution that benefits all parties involved.

Bakish reassured shareholders that Paramount has prepared for the strike and has several options to manage its impact, even if it lasts for an extended period. The company has a large amount of pre-produced content, as well as a diverse range of reality, unscripted, and sports programming that remains unaffected by the strike. Additionally, Paramount can rely on its vast library of films and television series to fill schedules if needed.

The WGA strike, which began last Tuesday in New York and Los Angeles, has disrupted productions and caused delays for several shows, including Apple’s Severance, the Disney Channel’s Bunk’d, Paramount+’s Evil, and Netflix’s Stranger Things. The strike is also affecting the upcoming annual network upfront presentations and could potentially hinder new or renewed scripted series from going into production for months if the standoff between the writers guild and the studios continues.

Despite the ongoing challenges, Paramount’s executive vice chair, Shari Redstone, expressed confidence in the company’s strategy and the team responsible for its execution. She believes that once the current economic environment improves, Paramount will be well-positioned to capitalize on its investments and deliver improved results for shareholders.

Written By

I've been covering the entertainment industry, from tv to movies to music, independently under the Trevor Decker News banner since 2015.

Trending

Music

This year’s Adjacent Music Festival in New Jersey resonated with more than just melodies. Hayley Williams, the charismatic lead vocalist of rock band Paramore,...

Music

In today’s age, music does more than just entertain—it offers a platform for impactful socio-political discourse. A prime example is New Jersey’s own Ryan...

Music

Paramount+’s series ‘Grease: Rise of the Pink Ladies’ has been a major hit with audiences around the globe. A key part of its popularity...

Entertainment

In the ongoing battle for streaming supremacy, a recent Twitter exchange between Prime Video and Netflix has caught the attention of millions. Prime Video,...

Entertainment

In a recent promotional video for Hotels.com titled “Perfect 10 with Christina Ricci,” the celebrated actress journeys through her most memorable hotel stays, even...

Music

Fan favorite Mckenna Grace, who has won our hearts with her stellar performances in Hollywood blockbusters like Ghostbusters Afterlife and her Emmy-nominated role in...

Movies

Ah, the 1990s. A golden era for animation and, more specifically, for the animated musical. An era that churned out a dazzling array of...

Broadway

The upcoming Broadway revival of the beloved musical “The Wiz” has announced its initial casting. The trio of stars includes Kyle Ramar Freeman as...

Movies

The new live-action Little Mermaid has made some changes to the lyrics of the iconic song “Kiss the Girl.” In the original animated film,...

Movies

Disney’s latest live-action remake, “The Little Mermaid,” made waves at the box office this weekend, raking in an estimated $95.5 million during its first...

Advertisement

You cannot copy content of this page