Investing
Hollywood studios offer new concessions to striking screenwriters – Bloomberg News
© Reuters. FILE PHOTO: SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios and Netflix offices in Los Angeles, California, U.S., August 11, 2023. REUTERS/Mario Anzuoni/File Photo
(Reuters) -Hollywood studios have made a new offer to striking screenwriters that includes concessions on issues such as the use of artificial intelligence and access to viewer data, Bloomberg News reported on Monday citing people familiar with the discussions.
The Alliance of Motion Picture & Television Producers has agreed to ensure humans are credited as writers of screenplays, instead of replacing them with AI, the report said, adding that the companies would also share data on the number of hours viewed on streaming services.
Other parts of the offer include a better-than-20% increase in residual payments to writers when their shows appear on networks other than the one they were made for, Bloomberg said.
Netflix (NASDAQ:) Co-Chief Executive Officer Ted Sarandos has emerged as a strong force and Walt Disney (NYSE:) Co CEO Bob Iger, in recent weeks, has joined him in seeking to reach a deal with the writers, the report added.
The union representing striking Hollywood writers said on Friday it had received a counterproposal from the studios that it would consider, an apparent sign of progress in the more than 100-day-old strike.
The strike by Hollywood writers began on May 2 after talks between the WGA and the major studios reached an impasse over compensation, minimum staffing of writers’ rooms and residual payments in the streaming era, among other issues.
The Alliance of Motion Picture & Television Producers and Writers Guild of America didn’t immediately respond to a Reuters request for comment.
Read the full article here
-
Make Money6 days ago
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles5 days ago
Why the Best CEOs Think Like Anthropologists
-
Side Hustles3 days ago
This User-Friendly H&R Block Software Package is Only $40, While Supplies Last
-
Side Hustles6 days ago
10 Roles That Are Surprisingly Well-Suited for Outsourcing
-
Passive Income6 days ago
How Pets Can Promote Better Health and Well-Being in the Workplace
-
Side Hustles6 days ago
What to Do If TikTok is Banned — How to Protect Your Brand
-
Make Money7 days ago
Build Your Future: 5 Simple Steps to Financial Stability
-
Side Hustles7 days ago
Meta Is Laying Off 5% of Its Workforce: Read the Memo