Hollywood strikes: New labor deals could cost media companies up to $600M a year, says Moody's

Hollywood actors and writers are taking to the picket lines in a bid to get a new deal with studios. According to a new report from Moody's, the new deals could cost studios hundreds of millions of dollars a year. Yahoo Finance Senior Reporter Alexandra Canal breaks down the report, which also explains how streamers, like Netflix (NFLX) and Apple (AAPL), may be best positioned to deal with the shutdown.