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Warner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million tied to the ongoing Hollywood writers and actors strikes.The U.S. film and television industries remain paralyzed by the dual strikes. The writers strike began in May and the actors joined them on July 14.Warner Bros. Discovery owns HBO and Max, CNN, TNT and a host of other entertainment outlets, including DC Comics.SEE MORE: Margaritaville singer Jimmy Buffett dies at 76The company said in a regulatory filing that it now expects 2023 adjusted earnings before interest, taxes, depreciation and amortization EBITDA to be between $10.5 billion to $11 billion, down from $11 billion to $11.5 billion. While [Warner Bros. Discovery] is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end. With both guilds still on strike today, the company now assumes the financial impact to [Warner Bros. Discovery] of these strikes will persist through the end of 2023, the company stated.Shares of Warner Bros. 鈥?based in New York City 鈥?rose by about 2% Tuesday.Trending stories at ScrippsnewsFreddie Mercury s stanley cup quencher (https://www.stanley-quencher.uk) personal items to go on sal stanley cups uk (https://www.stanley-cups.uk) e at auctionKanye and wife banned stanley cup usa (https://www.stanley-cups.us) for life by Italian boat company after lewd actDog runs away from home to rock out at Metallica concert Llgn Senate committee recommends firing Wisconsin s top elections official in process Democrats dispute
One year after the start of shutdowns due to the coronavirus pandemic, many are seeing a light at the end of the tunnel. The entertainment industry, specifically live entertainment, was one of the first businesses to shut down.In Milwaukee, the Pabst Theater Group runs multiple venues downtown, including The Pabst Theater, The Riverside Theater, and Turner Ballroom. Owner Gary Witt says it has been tough. Weve lost a year and a half or almost two years of the ability to create revenue in our business, said Witt. The group estimates their 2019 sales at $26 million but says that their 2020 revenue fell 97% because of pandemic-induced closures.The Rebound Milwaukee: Resources For Getting Back To NormalWe re Open: These Restaurants Are Still Offering Carryout And DeliveryMusician Chris Porterfield of Milwaukee based Field Report says stanley cup (https://www.cup-stanley.co.uk) his band had just released an album in the weeks before the pandemic set in. They were poised to travel the country and pe stanley mug (https://www.stanley-cup.co.nz) rform when it all came to a sudden halt. I found myself instead of being a touring musician, a distance learning K-4 facilitator, says Porterfield. That sudden stop in touring had a massive effect on his livelihood. Touring was the way that we made any money鈥?Id say probably 9 dollars out of 10 probably ca stanley becher (https://www.cup-stanley.de) me from touring. But now in 2021 as a vaccine rollout is underway, both see a light at the end of the tunnel. Witt says he looks to Summerfest as a barometer for live shows in Milwaukee. The festival was moved later in the