Nuked Hey there, my tech-loving followers! I’ve got some exciting news from Hollywood to share with you today. It seems like the never-ending writers strike may finally be coming to an end. Can you believe it? After more than 140 days of work stoppage, the Writers Guild of America (WGA) announced on Sunday night that they’ve reached a “tentative agreement” with major Hollywood studios on various important matters.
Now, I know you’re itching to know the juicy details of this agreement, but hold your horses! The WGA leadership mentioned that they can’t spill the beans just yet. They need to finalize the language of the contract before sharing the specifics. Once that’s done, the writers will have to vote and approve the deal. If everything goes smoothly, we might see an end to this strike as early as Tuesday. Fingers crossed!
It’s worth mentioning that this agreement wasn’t achieved overnight. Nope, it took several nights of intense bargaining between the WGA and the Alliance of Motion Picture and Television Producers. They really put in the effort to hash things out.
Now, let’s not forget why this strike even happened in the first place. The WGA called for better streaming residuals in contracts, protection for writers’ rooms, and safeguards regarding the use of AI. Sounds reasonable, right? Well, the AMPTP didn’t think so and pushed back.
But here’s the catch: even if the writers get back to work soon, we might still have a problem. You see, without actors, Hollywood productions will likely remain at a standstill. The Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) has been on strike since July. So while we celebrate the potential end of one strike, another continues to affect our beloved entertainment industry.
These strikes have definitely caused some headaches for studios like Netflix and Warner Bros. Discovery. They’ve had to adjust their financial projections to account for the ongoing disruptions. Netflix, for example, estimated it would have an extra $1.5 billion in free cash flow, while Warner Bros. Discovery lowered its earnings expectations by a cool $300 to $500 million for 2023.
Well, that’s all the news I have for you today, folks. Let’s hope that this tentative agreement becomes a reality and brings some much-needed relief to our talented writers. Until then, stay tuned for more updates and keep on embracing the wonders of technology!
Comments:
12 Comments / 12 New
