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 the strike is costing them $1 billion a month.

The public disclosure of the studios' offer is a sign that they are feeling the pressure from the strike. It is also a sign that they are willing to take a more aggressive approach in the negotiations. It remains to be seen whether the new offer will be enough to break the deadlock between the studios and the WGA.

In addition to the wage increase and the new formula for calculating residuals, the studios' offer also includes a number of other provisions, such as:

• A new process for resolving disputes between writers and producers.

• Increased funding for diversity and inclusion initiatives.

• A commitment to support writers' health and retirement benefits.

The WGA is still reviewing the offer, but it is expected to be a major sticking point in the negotiations. The union has said that it is not willing to give up its right to strike, and it is also demanding a larger share of the profits from streaming and other new media.

The studios have said that they are willing to make further concessions, but they have also warned that they will not agree to everything that the WGA is demanding. The two sides are now at a critical juncture in the negotiations, and it remains to be seen whether they will be able to reach a deal that will end the strike.