Moody’s Investors Service estimates that the new contract with writers and actors that ended their long strikes will cost the studios close to $600 million annually — on the high end of its earlier estimate of $450 million to $600 million. Absorbing those new costs doesn’t worry Moody’s when it comes to media-company credit ratings, because they are a relative drop in the bucket to the TV and film entertainment business, which generates more than $100 million yearly.
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