Writers Guild of America members voted by an historic 98% margin in favor of a strike authorization, moving the union closer to a possible work stoppage. The current three-year contract expires May 1. wga writersstrike
Layoffs, hints of a recession and an uncertain future for streaming add up to contentious negotiations as the WGA looks for a new deal with Hollywood studios.
The radical transformation of the TV business caused by the rise of streaming platforms has fueled much of the labor conflict. Complicating matters is that major studios such as Walt Disney Co., Warner Bros. Discovery and Netflix are facing their own economic pressures to slash costs in the face of rising debt levels, a reassessment of the streaming business and a possible recession.“Our goal is, and continues to be, to reach a fair and reasonable agreement,” AMPTP spokesman Scott Rowe said.
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