In the midst of Hollywood's string of box office failures this summer, strikes pose a potential risk for the industry.

The summer of 2023 will go down in history as a particularly difficult time for Hollywood, marking a different kind of "dead reckoning." This is the result of a buildup of bad news, which highlights a reconfiguration of the entertainment business that has fostered uncertainty and provoked eruptions in labor strife. The entertainment industry has been negatively impacted as a result.

Twin strikes by guilds representing write....