From Disney and Netflix to Warner Bros. Discovery, which entertainment giants would be the winners and losers of a Hollywood writers strike
, leading media companies to retrench after a massive runup on content spending.
But agreements with unions representing directors and actors also come up for renewal later in the spring, raising the possibility of a broader entertainment shutdown. There's also the rise of reality and international content, which aren't covered by the writers guild. Reality shows now account for some of the highest-rated TV, while, recently accounting for nearly one third of US content demand, according to Parrot Analytics. Demand for those content alternatives could help soften the blow for studios and streamers.
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