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WGA, SAG-AFTRA, DGA Contracts Could Cost Studios Additional $600 Million

As the WGA and SAG-AFTRA strike, Moody's Investor Service determines that their negotiated contracts alongside the DGA's could cost Hollywood studios an additional $600 million per year.

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The actors and writers strikes have plunged Los Angeles signature industry into chaos and further complicating what some fear could become a long and devastating strike

“There’s going to be a lot of blood in the water,” Jonathan Taplin, director emeritus of USC’s Annenberg Innovation Lab, said. “This is not going to end well.”

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A lot of blood in the water Why actors and writers strikes are a big blow to Hollywood studios | Nation and World

Hollywood top executives figured they could ride out a skirmish with screenwriters reeling from technology’s changes to the industry.

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A lot of blood in the water Why actors and writers strikes are a big blow to Hollywood studios [Los Angeles Times :: BC-HOLLYWOOD-STRIKES-ACTORS:LA]

A lot of blood in the water Why actors and writers strikes are a big blow to Hollywood studios [Los Angeles Times :: BC-HOLLYWOOD-STRIKES-ACTORS:LA]
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Hollywood Writers and Actors Are Striking New Contracts Could Be Costly

Moody's Investors service estimates media firms will lay out up to $600 million per year to reach contracts with writers and actors.

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