The shutdowns are among the tools the writers are using to put the squeeze on the studios that are trying to grow their streaming businesses.įor example, Comcast plans to start charging Xfinity users for its streaming platform Peacock next month, a plan that could be challenged by a lack of new shows due to the disruption of the content pipeline, Stiehm wrote.Ĭompany Town Writers’ strike: What’s at stake and how it could disrupt HollywoodĪs the contract between the Writers Guild of America and the Alliance of Motion Picture and Television Producers expires, a strike has been called.
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Since the strike, the writers have disrupted productions of Netflix’s “Stranger Things” and “Cobra Kai,” as well as NBCUniversal series “Law & Order” and “Law & Order: SVU,” according to Stiehm’s letters. While the two sides were able to agree on some proposals, the chasm between them remained large. Additionally, they are looking to regulate the use of artificial intelligence. They also are looking to set minimums for the number of writers employed and for the amount of time they can be employed on shows. The writers are seeking to increase their wages and argue that the rise of streaming has eroded the compensation they would typically expect from residuals - fees for retransmitting films and shows.
The union’s 11,500 writers have been on strike since May 2, following an impasse over new contract terms with the studio alliance. Since then, total compensation has dropped, in part due to the volatility of the stock market and pressure from investors for the companies to become more profitable. The Times analyzed executive compensation at 10 publicly held media and entertainment companies, finding that executive compensation climbed to $1.43 billion in 2021, up 50% from 2018, based on data compiled by research firm Equilar Inc. Thousands of writers across the country have been picketing studio headquarters, disrupting live productions and targeting the market for advertising at New York’s upfronts this month. The union has been ratcheting up pressure on companies to come back to the negotiating table to improve pay, residuals and other conditions for writers after contract talks ended May 1 without resolution. The Alliance of Motion Picture and Television Producers, which represents the studios in labor negotiations, also did not respond. Netflix declined to comment, and Comcast did not immediately reply to a request for comment. Stiehm said that Netflix, the Los Gatos-based streaming platform, is looking to spend $166 million on executive compensation, while it would cost the company $68 million a year to end the strike by satisfying the WGA’s demands. “Shareholders should send a message to Comcast that if the company could afford to spend $130 million on executive compensation last year, it can afford to pay the estimated $34 million per year that writers are asking for in contract improvements and put an end to this disruptive strike,” Stiehm wrote to Comcast stockholders in one of the letters, which were viewed by The Times. Comcast, the owner of NBCUniversal, has asked its shareholders to sanction $130 million in executive compensation, including the pay package for Chief Executive Brian Roberts, for 2022 on June 7. Stiehm argued that the pay packages are creating risks for investors. Further information is also available in our Cookie Policy and our Privacy Policy.You may occasionally receive promotional content from the Los Angeles Times. You can withdraw your consent and modify your choices at any time by clicking on the "Cookie Preferences" button located at the bottom of our website. You can also make a choice by category by clicking "Configure". Alternatively, you may click "Continue without accepting" to refuse all non-essential technologies. If you are happy for technologies to be used for these purposes, click on "Accept All" to accept all of the technologies. Through these technologies, we will collect information such as your interaction with our website, your preferences and your browsing habits. We would also like to set optional/non-essential technologies to give you the best user experience. Some of these technologies are technically essential to provide you with a secure, well-functioning and reliable website. Samsung Electronics, and its partners, use cookies and similar technologies (collectively “technologies”) to store and access information on your device.
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