While a potential end to the writers' strike represents positive momentum for Hollywood, union members still need to ratify the deal.
Industry experts fear that more films will be forced to move along the calendar if studios cannot solidify contracts with the the two guilds this year. Additionally, some films set for 2024 had filming interrupted because of the strikes and will need to restart production sooner rather than later to hit their opening dates.
Despite ongoing turmoil in the media industry, the lengthy writers' strikes have presented a unique opportunity for streaming companies like Netflix and their libraries of content. Shares of that company gained roughly 1% Monday. Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is a member of the AMPTP.
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