Hollywood strike deal closer after 10 hours of talks with studio heads: source
Hollywood strike deal closer after 10 hours of talks with studio heads: source
Hollywood is making progress towards ending the strike that has paralyzed the entertainment industry, As detailed in a source familiar with the negotiations. Studio heads, including executives from Disney, Netflix, Discovery, and Comcast, joined marathon talks that lasted over 10 hours. Although a deal was not reached, the two sides are “inching closer” to an agreement. Progress has been made on issues such as writers’ demands for greater royalties and protections against artificial intelligence. However, there are still unresolved sticking points. The negotiations will continue on Friday.
Industry Impact and Continued Negotiations
The strike, which began in early May, has had a significant impact on the entertainment industry. High-profile releases have been delayed, and production on popular films and TV shows has come to a halt. The Writers Guild of America and the Alliance of Motion Picture and Television Producers met for bargaining on Thursday and will meet again on Friday. Both sides are encouraged by the progress made so far, and Los Angeles Mayor Karen Bass is actively involved in the negotiations, recognizing the industry’s importance to the economy.
