Tobey Nesbit 7.26.23
The Writers Guild of America (WGA) strike, which began on May 1, 2023, is ongoing, and negotiations between the WGA and the Alliance of Motion Picture and Television Producers (AMPTP) have not restarted.
The center of the strike is around the writers' share of the money generated by series budgets, particularly in the streaming era, and their working conditions, compensation structure, and threats to their jobs, including using artificial intelligence (AI) in content creation.
Here are some key points about the WGA strike:
The WGA is demanding changes to their working conditions, including better job security and protection against the use of AI in content creation.
The strike has caused production delays and shutdowns, impacting the release of movies and TV shows.
The strike has also raised concerns about using AI in content creation and the consolidation of studios and streamers.
The actors' union, SAG-AFTRA, has also approved a strike related to similar issues, which could further impact actors.
Big and small studios [as well as] independent studios are affected (by the strike). Businesses that rely on the Hollywood economy, including restaurants, hotels, and transportation, have felt a financial impact.
Mark Ruffalo aka The Hulk aka Bruce Banner
Joins the strike under SAG-AFTRA.
Use this space to add more details about your site, a cuThe WGA strike is also affecting the advertising and marketing industry; due to production delays and shutdowns impacting the release of movies and TV shows.
The strike's impact on the entertainment industry is significant, affecting production, marketing plans, and the upcoming awards season. The duration of the strike is unclear.
The American economy is also affected by the WGA strike. Businesses that rely on the Hollywood economy, including restaurants, hotels, and transportation, are impacted. The strike's impact, in general, on the American economy is significant, with the potential for lost revenue and job losses.
Disney is reportedly in talks to delay The Marvels; again. Originally was scheduled for release on July 28, 2023. Production delays, as well as shutdowns, caused this to happen. Now the film could be delayed till November 2023.
The financial benefits of delaying the movie include reducing marketing costs and potentially increasing box office revenue. However, the delay could also impact the profitability of the movie and the MCU franchise.
The WGA strike is ongoing, and negotiations have not restarted. The strike impacts both big and small studios and independent studios. Many businesses that rely on the Hollywood economy feel impacted.
The actors' union has also approved a strike related to similar issues. The strike's impact on the entertainment industry, advertising and marketing industry, and the American economy is significant, and it remains unclear when the strike will end and what the ultimate impact will be on the industry.
“…the company will be pulling back on Star Wars and Marvel”
Bob Iger Disney CEO
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