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The four-month Writer’s Guild of America strike has ended. The guild and the media industry agreed on a three-year deal to help protect current and upcoming writers, with the contract's total value reaching around $233 million. Everything is returning to the status quo, and late-night shows have returned after the prolonged standoff.
Media stocks have been battered by bad news during negotiations. While this has served as a significant bearish catalyst for studios and media companies, it also gives investors an excellent opportunity to buy "buy-rated" companies at an attractive price. Now that an agreement has been made, should we look into media stocks now?