Actors and writers are currently on the picket lines, fighting for their rights.
The Big Picture David Zaslav indicated the ongoing dual strike has saved Warner Bros. Discovery around $100 million, according to Variety. The announcement came during the most recent earnings call for the company, where the executive expressed how productions shutting down across his studio was allowing him to save money.
The Writers Guild of America announced it was going on strike around three months ago, making noise in the industry regarding how the studios don't pay them fairly for their hard work. In an unprecedented move for a situation of the sort, SAG-AFTRA joined their strike, turning it into a historic event. While there were attempts of bringing the Directors Guild of America into the mix, that organization opted for signing a deal with the studios, leaving actors and writers on the picket lines.
Another topic at the center of the dual strike is how actors and writers are given residuals for the productions they worked on that are available on streaming platforms. Most performers received a couple of dollars, even if the titles they appeared on are becoming viral on any given catalog. In addition to how workers are not properly compensated, there's always the possibility of studios simply removing films and shows from their platforms only to save money when paying taxes.
When Will the Strike End? There's no way of knowing when the ongoing dual strike will come to an end, as there plenty of factors involved in driving it forward. The direct effect the strike is having in the industry can be felt already, with multiple movies shutting down their filming schedule due to the conflict. Even titles that have already wrapped shooting and find themselves in the post-production process are at risk of facing a delay.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros. Discovery CEO David Zaslav On Strikes: “We’re in Uncharted Waters”During the latest financial quarter 'Barbie' marketing costs and the weaker performance of 'The Flash' compared with the year-ago hit 'The Batman' dragged down the studios, while networks advertising revenue fell 13 percent.
Read more »
Warner Bros. Saved Over $100 Million in Q2 Due to Strikes, David Zaslav Talks NegotiationWarner Bros. saved over $100 million in 2023's second quarter as a result of the strikes, and David Zaslav is open to negotiation.
Read more »
Warner Bros US Responds to Japanese Barbenheimer Criticism, Deletes TweetsWarner Bros Japan issued a statement yesterday asking the American branch to apologize to Japanese people for engaging with Barbie/Oppenheimer mashups.
Read more »
Warner Bros. Apologizes for Barbenheimer Posts After Criticism From JapanWarner Bros. Japan condemned the company’s US film division for engaging with Barbenheimer social media posts: “We take this situation very seriously.”
Read more »
‘Barbenheimer’ fallout: Warner Bros. Japan slams ‘extremely regrettable’ social media postsThe 'Barbenheimer' phenomenon has drawn criticism for minimizing the mass destruction caused by the atomic bombs depicted in 'Oppenheimer.'
Read more »
Warner Bros. apologizes for ‘Barbenheimer’ tweets that sparked criticism in JapanWarner Bros. Film Group said in a statement to CNN Tuesday: “Warner Brothers regrets its recent insensitive social media engagement. The studio offers a sincere apology.”
Read more »