Warner Bros. Discovery warns of $300M-$500M hit from strikes

Warner Bros. Discovery (WBD) is warning investors that its earnings may take a hit of $300 million to $500 million due the ongoing writers and actors strikes. In a regulatory filing, the company warns that "while WBD is hopeful these strikes will be resolved soon, it cannot predict when the strikes will ultimately end." Yahoo Finance Senior Reporter Alexandra Canal breaks down WBD's regulatory filing and the status of the Hollywood strikes.