That includes therecently ratified DGA dealand eventual settlements withthe WGAandSAG-AFTRA.
Moodys covers most of the entertainment industry, though some smaller, independent players arent captured in the number.
Two unions on strike highlights the stresses on both sides of the bargaining table.
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It is not just the revenue share at stake, but how compensation has evolved in the streaming ecosystem.
Also at stake: technological advancements of AI and compensation surrounding the use of artificially generated digital likenesses.
Networks and platforms more dependent upon sports and news formats are also in a better position.
After exhibitors, broadcast television and cable networks are most exposed, given theyre already in secular decline.
