A recent financial filing from Warner Bros. Discovery disclosed that the studio could lose $US500 million this year as Hollywood’s strike drags on.
The Writers Guild of America said Friday that it’s open to deals with individual studios that want to ditch the group that has been negotiating on behalf of major legacy studios, as well as Netflix and other streamers.
Without naming names, union officials said that executives at major studios had indicated their demands were reasonable and that a deal was there to be had. The AMPTP had no immediate response.“We have made it clear that we will negotiate with one or more of the major studios, outside the confines of the AMPTP, to establish the new WGA deal,” the bargaining committee wrote. “There is no requirement that the companies negotiate through the AMPTP.
The last comment was a reference to a recent financial filing from Warner Bros. Discovery disclosing that the studio could lose $US500 million this year as Hollywood’s strike drags on.Members of The Writers Guild of America picket outside Paramount Pictures in Los Angeles.In many ways the WGA memo stated publicly what industry insiders have long been saying: it makes little sense to have companies that are competitors and have different imperatives negotiating together.
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