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Showing posts from August, 2023

Writers Strike Enters Day 113 as Studios Make New Offer

The Hollywood writers strike entered its 113th day on Wednesday, as the studios made a new offer to the Writers Guild of America. The public disclosure of the Aug. 11 proposal was an unusual step and suggested an attempt to go around union leadership and appeal to rank-and-file members. Writers Strike The offer includes a 3% wage increase over three years, up from the previous offer of 2%. It also includes a new formula for calculating residuals, which would give writers a larger share of the profits from streaming and other new media. The WGA has not yet responded to the offer, but it is expected to discuss it at a meeting of its board of directors on Thursday. The union has said that it is willing to return to the bargaining table, but it has also said that it is prepared to continue the strike if the studios do not make a fair offer. The strike has already had a significant impact on Hollywood, with many TV shows and movies being delayed or cancelled. The studios have estimated that...