Hollywood writers ratify new contract with studios
Publishing timestamp: 2023-10-09 17:36:43
Summary
The Writers Guild of America has ratified a new three-year contract with Hollywood studios. The agreement includes pay increases, restrictions on artificial intelligence, a new residual system for streaming based on viewership, higher contribution rates to health benefits and pensions, and guaranteed numbers of writers in writers' rooms for television shows. The article also mentions the ongoing negotiations and concerns of SAG-AFTRA, another union seeking improvements in wages, working conditions, health and pension benefits, and transparency from streaming services.
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Keywords: strikes, breaking news: business, paramount global, walt disney co, entertainment, life, business, movies, warner bros discovery inc, business news, comcast corp, netflix inc,
Source: https://www.cnbc.com/2023/10/09/hollywood-writers-ratify-new-contract-with-studios-.html