Up to date with a quote from the studio exec, 1:28 PM: Because the Writers Guild strike begins its third week, the union’s negotiating committee at present despatched a letter to WGA members dubbed “The Price of Settlement” (learn it under). They argue that “the studios danger vital and sustained disruption within the coming weeks and months that can far outweigh the prices of stability.”
The union estimates that “its proposals on the desk when the contract expires on Might 1 will price the trade a mixed $429 million yearly, about $343 million of which is attributable to eight of our largest employers.”
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The letter, signed by David A.
The letter comes a day after WGA East Vice President Lisa Takeuchi Cullen despatched a letter to members wherein she incorrectly mentioned: “Based mostly on earlier estimates, the strike might price roughly $30 million per day if studio manufacturing is misplaced. Per day.” The strike is costing the California financial system $30 million a day, not the studios.
In response to the just lately introduced WGA numbers, one studio government advised Deadline at present, “They’re baseless and simply made out to get their membership and make provocative titles.”
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That is the negotiating committee’s full message to members:
The Writers Guild of America has been on strike for 2 weeks as a result of AMPTP refuses to barter a good deal to deal with the existential disaster writers are going through.
The WGA estimates that the proposals on the desk when the contract expires on Might 1 will price the trade a mixed $429 million yearly, about $343 million of which is attributable to eight of our largest employers.
For perspective, tens of billions are being spent on creating programming writers, $19 billion simply on unique content material for streaming companies this 12 months. The price of these proposed enhancements is modest in comparison with trade revenues and earnings, however they’re important for writers whose wages and dealing situations have eroded over the previous decade.
What would the price of contract presents at the moment on the desk seem like on a company-by-company foundation? have a look:
These corporations have made billions within the e-book enterprise and so they inform their buyers each quarter in regards to the significance of written content material. Nevertheless, they danger a serious and sustained disruption within the coming weeks and months that can far outweigh the soundness prices.
In solidarity with,
WGA Negotiating Committee
Listed below are all of the signatories to at present’s letter: