The squeeze will get worse for most players if the strike drags on, although Netflix has decisive advantages.
Netflix has fewer live shows and less need of talent for promotion.
A disruption of the fall TV calendar would likely nudge viewers to the streamer.
SAG-AFTRA pickets outside NetflixMichael Buckner/Getty Images
We respect the writers, and we respect the WGA.
We couldnt be here without them, he said.
We dont want a strike.
We can probably serve our members better than most.
The crackdown began in Canada on February 8 and in the U.S. on May 23.
Consensus estimates see Netflix revenue at about $8.29 billion and earnings per share of $2.85.
Discovery Aug. 3, Paramount Global Aug. 7.
Disney is up Aug. 9.
Amazon and Apple, AMPTP members negotiating alongside studios, are also in the mix.
Content, a sliver of these massive companies, is not broken out in their financial reports.
ABC and Disneys cable networks are no longer core assets, he said, andeverythingis on the table.
But, Theres a level of expectation that they have, that is just not realistic.
One analyst called Igers takes surprisingly frank.
Discovery and Paramount Global?
Iger gave his interview the day after Disney announced plans to re-up him as CEO.
He had to explain, the analyst said.
It remains to be seen if fellow CEOs will jump on the unreasonable train or tone it down.
(Intriguingly, there was no strike talk at all on the companys official earnings call.)
Obviously, we have been planning for this.
That said, when SAG-AFRA joined the WGA, everything changed.
Hollywood production is all on ice, wrote Maquarie analyst Tim Nollen last week.
Dade Hayes contributed to this report.
