Studios Lament That the Strike They Caused Will Cost Them $300 to $500 Million

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Studios Lament That the Strike They Caused Will Cost Them $300 to $500 Million
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The Big Picture In a contradictory turn of events, David Zaslav is apparently worried about the amount of money the ongoing dual strike will cost studios. According to The Hollywood Reporter, the strikes organized by the Writers Guild of America and SAG-AFTRA will make Warner Bros. lose from $300 million, or up to $500 million this year.

One of the main points of interest surrounding both strikes is directly related to studios not paying residuals for the titles that become popular on streaming platforms. Regardless if what's trending is a fresh streaming production or something produced for cable many years ago that became popular once again thanks to the internet, the writers and actors behind these movies and television series weren't properly compensated for their hard work.

In addition to actors and writers not being able to make a living from what they work on, several major productions have stopped filming or delayed their development thanks to the strike. Audiences won't be able to enjoy the next movie on the Alien franchise or the upcoming Harry Potter television series until studios come up with a decent proposal for the guilds.

When Will the Strikes End? There's no way of predicting when the strikes organized by SAG-AFTRA and the Writers Guild of America will end. After several occasions when both parties attempted to negotiate a deal, there doesn't appear to be an end in sight for the situation, leaving the state of the industry in a big place of uncertainty.

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