Investing
No deal yet as Hollywood writers, studios talk for third straight day
© Reuters. FILE PHOTO: SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake/File Photo
By Lisa Richwine and Dawn Chmielewski
LOS ANGELES (Reuters) – Striking Hollywood writers and top studio executives met for a third straight day on Friday to try and end a work stoppage that has shut down film and TV production for months.
While workers across the entertainment industry waited for word of the outcome, no agreement had been announced as of late Friday, the 144th day of the strike.
Walt Disney (NYSE:) CEO Bob Iger, Netflix (NASDAQ:) Co-CEO Ted Sarandos, Warner Bros Discovery (NASDAQ:) CEO David Zaslav and Donna Langley, chairman of Comcast (NASDAQ:)’s NBCUniversal Studio Group, took part in the talks with the Writers Guild of America (WGA) for a third straight day.
Representatives for the WGA and the Alliance of Motion Picture and Television Producers (AMPTP), which represents the studios, had no comment.
While the two sides met, union members turned out in large numbers in response to an appeal from WGA negotiators on Thursday to flood picket lines outside the studios.
In the crowd outside Netflix on Friday was “Mad Men” creator and writer Matthew Weiner, who like others voiced optimism that the recent talks signaled progress was being made.
“I’m hopeful,” Weiner said of the possibility that the strike could be coming to an end. “I would like to go back to work and I would like to start mending these relationships.”
Roughly 11,500 WGA members walked off the job in May to demand higher pay and residuals in the streaming TV era plus limits around the use of artificial intelligence (AI).
Producer and WGA member Al Septien, also picketing outside Netflix on Friday, said he wanted to get back to work, but only under the right terms.
“We’ve been out here a long time. We don’t want to fold for a less-than-fair and good contract for the writers,” he said.
The SAG-AFTRA actors union also is on strike after walking off the job in July.
Read the full article here
-
Investing7 days ago
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports By Reuters
-
Side Hustles3 days ago
Why the Best CEOs Think Like Anthropologists
-
Side Hustles6 days ago
How to Craft Marketing Campaigns That Reach Multiple Generations
-
Side Hustles6 days ago
LA Rental Prices Skyrocketing Despite Price Gouging Laws
-
Make Money4 days ago
Earn More in 2025: Top 10 High-Yield Savings Accounts Revealed
-
Side Hustles7 days ago
Former Zillow Execs Target $1.3T Market
-
Side Hustles5 days ago
Meta Is Laying Off 5% of Its Workforce: Read the Memo
-
Passive Income4 days ago
How Pets Can Promote Better Health and Well-Being in the Workplace