Home » US Employment News » Hollywood writers reach tentative deal with studios to end lengthy strike
Hollywood writers reach tentative deal with studios to end lengthy strike
https://www.whatjobs.com/news/usa/us-employment-news/hollywood-writers-reach-tentative-deal-with-studios-to-end-lengthy-strike
By Nithya Bose in US Employment News, posted September 25, 2023
The Writers Guild of America and Hollywood studios have reached a tentative deal, which could end a 146-day-long strike that has disrupted the industry.
The proposed three-year contract requires ratification by the WGA's 11,500 members.
The deal includes increased pay rates and residual payments for streaming shows and introduces new regulations regarding artificial intelligence use.
Read More: Writers Union To Resume Talks With Hollywood Studios
The strike, which began on May 2, responded to the challenges posed by streaming and other industry transformations threatening writers' livelihoods.
Entertainment companies are expected to focus on accelerating talks with SAG-AFTRA, the 160,000-member performers union.
The union has been on strike since mid-July.
The WGA leaders said that guild staff would carefully review the contract before recommending it for approval by the WGA West board and WGA East council.
The leadership votes would start on Tuesday.
The strike significantly affected the entertainment industry, affecting crew members, small businesses, and the release of major films.
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It also heightened awareness of labor issues and economic disparities within the industry, garnering support from other Hollywood unions.
The tentative agreement represents a crucial development in resolving the strike.
However, the resumption of production may still take time as scripts need to be written, and a new contract with SAG-AFTRA is pending.
Additionally, video game performers consider authorizing SAG-AFTRA to call a strike in their negotiations with gaming companies.
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The strike's economic impact on California has been estimated at around $5 billion.
It’d potentially rise to at least $6 billion if it continues into mid-October.
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