estimates this hollywood shutdown could cost the economy $4 billion. huge numbers. what s at stake here? we re not just talking about productions and actors and that industry, it s everyone involved. it s the caterers, the premiers that have been canceled, halls that host premiers, production houses. everyone is affected, especially in hollywood, especially in l.a. this is taking a huge toll. for everyone that has anything to do with the entertainment industry, this is taking a toll on them. so we talk about some of the demands or the asks, what they want. higher wages, protections when it comes to ai. we played the clip from bob iger, disney s ceo, saying their demands are just not realistic. think about that as i pull up this cnbc article from earlier this month, his peeve david saz love at warner brothers made 384 times as much as the average writer in the last five years. they re saying nearly half a
The report mentions recommendations such as giving a direct lease of 90 years instead of the current 60+30 years’ arrangement proposal, allotting smaller plots, etc.
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unions are supporting the rioters. so, i don t think there will be much more production going on for a while. we have to remember, the last reuters strike, it was 15 years ago only for 100 days, and cost about two billion dollars. this time around of, course the studios and production houses have an abundance of shows to stream. so how long could this strike last? and how much could it end up costing studios? could that force them back to the negotiating table? well i know that the ceo of netflix he was talking before this strike, before the contract, and he said that they have a big library of shows. i ve heard that the streamers and the studios have a big backlog of programs from around the world that they could possibly use. so i don t know how big those
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