Actors union joins writers on strike, shutting down Hollywood
Publishing timestamp: 2023-07-14 11:24:30
Summary
The failed negotiations between AMPTP and SAG-AFTRA have led to a strike by actors, joining the ongoing strike by writers. This will result in the immediate halt of film and television productions, essentially shutting down Hollywood. The actors are demanding better wages, working conditions, health and pension benefits, and transparency from streaming services. The article also mentions concerns over the use of artificial intelligence in the industry. Studio executives have criticized the actors' demands, stating that they are unrealistic and disruptive, especially considering the challenges faced by the industry due to the pandemic.
Sentiment: NEGATIVE
Tickers: DIS, PARA, CMCSA, WBD,
Keywords: hollywood, life, movies, breaking news: business, warner bros discovery inc, paramount global, business news, walt disney co, media, business, comcast corp, entertainment,
Source: https://www.cnbc.com/2023/07/13/sag-actors-union-goes-on-strike-joining-hollywood-writers.html