Warner Bros.
posted a wider-than-expected third quarter loss Wednesday as the impact of Hollywood strikes hit both the top and bottom lines of the entertainment and studio group.
Group revenues, said, rose 1.6% from last year to $9.979 billion, a total that essentially matched Street forecasts. The studio division has also delay the release of its"Dune: Part Two" sequel, originally set for November, until at least March of next year following a warning from CEO David Zaslav that the industry is in"unchartered waters" as a result of the industrial action at the heart of the global movie industry.
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