Warner Bros. Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as $500 million tied to the ongoing Hollywood writers’ and actors’ strikes. The U.S. film and television industries remain paralyzed by the dual strikes. The writers strike began in May and the actors joined them on July 14. Warner Bros. Discovery owns HBO and Max, CNN, TNT and a host of other entertainment outlets, including DC Comics. SEE MORE: ‘Margaritaville’ singer Jimmy Buffett dies at 76 The company said in a regulatory filing that it now expects 2023 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $10.5 billion to $11 billi
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