The heads of Netflix, Disney, Universal and Warner Bros Discovery have personally attended this week’s talks, according to media publication Deadline.
Among their demands, writers say their salaries have not kept up with inflation, and that the rise of streaming has diminished the “residuals” they earn when a show they work on becomes a smash hit. Writers have also demanded curbs on the use of AI, which they fear could be used to partially replace them in generating future films or show scripts, and therefore further undercut their pay.
The Financial Times reported Milken Institute research at the start of September that put the cost of the current Hollywood standstill at US$5 billion .
Source: News Formal (newsformal.com)
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