The CEO of media giant Warner Bros. Discovery says he thinks the widespread writers' strike will be ended by writers'"love of storytelling and lover for working." "I think a love for the business and the love for working," Zaslav told Squawk Box.
"Almost all of us got into this business, you know, with a lot of sacrifice in order to to be part of that journey. And so that's what's gonna bring us together."because of stagnating wages, rising living costs, and a significant drop in the average number of episodes being aired per season of a show. Meanwhile, the transition to streaming has effectively wiped out the traditional revenue stream of TV residuals — royalty payments.
While Zaslav lent into emotive arguments to end the strike, he did also suggest writers deserved a better pay package.