As the WGA begins its second week of bargaining for a new contract with the AMPTP today, the guild is prepared for a strike, if it comes to that, though that’s by no means a foregone conclusion. The WGA’s current film and TV contract expires May 1
today, the guild is prepared for a strike, if it comes to that, though that’s by no means a foregone conclusion. The WGA’s current film and TV contract expires May 1.
The WGA West’s most recent financial report filed with the U.S. Department of Labor for the fiscal year ending March 31, 2022, notes that 29 members still had not repaid $280,659 in strike loans incurred from the last strike. The loans are secured by written assignments of a portion of the members’ future residuals income. Over time, the amount of these outstanding loans has decreased dramatically – down from $841,151 in 2011.
In making strike loans, the WGA East’s constitution provides that its Special Strike Fund Committee “shall consider all factors relevant to the affected members including financial need, length of membership, length of employment, current earnings, earning history, anticipated length of strike.”
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