(Reuters) – Walt Disney said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased costs to create content.
The media conglomerate expects its fiscal 2024 capital expenditure to total roughly $6 billion and spend on produced and licensed content to be about $25 billion.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Arun Koyyur)
