The Warner Bros. Discover CEO, David Zaslav announced cuts in the company’s costs due to the impact of Trump administration rates and will stop non -essential trips.
Zaslav sent a memorandum to employees on Tuesday, explaining that Warner Bros. Discovery will have to “minimize discretionary spending” in response to “market volatility and a reduction in consumer confidence.”
“Effective immediately, all trips that are not critical for the business must be canceled,” said the CEO.
Non -essential trips included team meetings, off sites, events, conferences and visits to the office, reports Thewrap.
Zaslav gave an optimistic tone after Trump’s elections in November 2024, saying that the president could “offer a rhythm of change and a consolidation opportunity”
“We have a new future administration, and it is too early to say it, but it can sacrifice a rhythm of change and an opportunity for consolidation that can be quite different, that it would be a real and accelerated impact really positive and accelerated in this it is necessary that it be necessary that it be necessary. That is necessary that it be needed to be needed to be needed, of shit, that it is necessary that it be necessary.
“These are large companies, and if the best content will win, there must be some consolidation so that thesis businesses are stronger and have a better consumer experience,” he added.
The Disney CEO, Bob Iger, also made a surprise appearance at a daily editorial meeting of ABC News last week and said Conern concern about the expansion plans of $ 60 billion of the company. According to Disney’s tourist blog:
As the discussion about tariffs and the coverage strategy of the ABC’s writing room continued, employees described Iger as continuously jumping to the conversation to share their thoughts and sacrifice more than they say they were “syntrerial views.” He expressed a group for Disney Cruise Line, particularly its new ships that depend on steel for its construction. Iger declared that Disney may have to reduce their investment plans if costs increase too much.
The full effect of the Trump administration rates on the entertainment industry has not yet been estimated, but a potential impact could be a closure of the Chinese films market should advance the films in the government. Chinese officials have not yet confirmed if they have a leg considering such a policy.
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