The WGA and studio deal expires on May 1st. Both sides are prepared to negotiate but some fear a strike could happen in the future.
You might be too young or not plugged in enough to remember, but the 2007-2008 Writer’s Strike gave us months without content on television, stopped some movie productions, and cost the Los Angeles economy an estimated $2.5 billion.
So no one wants to see that happen again. Especially with even more writers employed now thanks to peak TV.
Still, as the May 1st deadline approaches, both the Writers Guild and the Alliance of Motion Picture and Television Producers are hoping for the best but preparing for the worst.
Let’s dig into what’s happening.
The WGA and Studios Prepare for Negotiations to Prevent a Strike
So what’s happening?
Basically, the WGA wants its members to be fairly compensated. Hollywood and TV is changing. Backends are being limited or eliminated, residuals are down, and shows are producing fewer episodes.