it s also investing money in its theme parks, which continued to grow. and new films like the marvels, due out this friday, should help its film studio, which is focusing on making less stuff of higher quality from its existing franchises. still, not all is rosy. for example, disney s abc network and other tv stations saw lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and there is still the question, what does disney plan to do with espn, its sports service, which many wonder whether or not it will sell off in the future? on that, mr iger didn t offer much commentary. meanwhile airbnb is losing properties banded the new rules prohibiting short term rentals. the companies code founder and ceo says travellers have been flocking to newjersey and connecticut instead. he was in the big apple touting metal ones which police and our business correspondent asked him about the changes in store for us and hose. for us and ho
the entertainment industry. actors and, before them, writers, demanded higher pay, with a strike that lasted 118 days. costing the california economy some $6 billion. we bring in our reporter who has been following the story. the deal still needs to be approved by the board of the union. this is the sag union which represents a lot of the actors in hollywood, a lot of the actors that play smaller roles. so we don t know the details of the agreement, but we do know what those actors were demanding. you mentioned higher pay. they say that streaming giants have been profiting ever since the streaming era started, but that pay hasn t trickled down to the actors, the lower level actors in particular. they have concerns about advancing technology and artificial intelligence. they say that these streaming giants could use their likeness and not need theirjobs or skills in person in the future, going forward. they want some protection against that. they also want a slice of the strea