Screenwriters and studios have reached a tentative deal, ending one of the strikes that have ground Hollywood to a halt.
It’s been nearly five months since the Writers Guild of America began its strike against the major studios represented by the Alliance of Motion Picture and Television Producers. The two sides met up only once during the summer, but it reportedly didn’t go well — with writers accusing studio heads of lecturing them.
Last week, bargaining sessions were attended by Disney CEO Bob Iger, Warner Bros. Discovery CEO David Zaslav, Netflix CEO Ted Sarandos and Universal Pictures chief content officer Donna Langley. It was a highly unusual move, signaling studios’ eagerness to return to work; the stoppage has already caused them to delay premieres of many films and series.
The two sides had been at an impasse, with screenwriters demanding higher pay and more residuals when their work is re-run on streaming services. They also asked for a residual formula based on the number of views a show gets on the streamers.
But executives pushed back, worrying publicly about their profits and pointing out that they have laid off employees over the last few years. Streamers like Netflix and Amazon have also been reluctant to release data on their viewership.