Striking Hollywood writers reach tentative deal with studios
Striking Hollywood writers reach tentative deal with studios
Hollywood’s writers union reached a preliminary labor agreement with major studios on Sunday, a deal expected to end one of two strikes that have halted most film and television production and cost the California economy billions.
Approval Required for Contract
The three-year contract still needs to be approved by the leadership of the Writers Guild of America (WGA) as well as union members, before it can take effect. The WGA represents 11,500 film and television writers and considers the deal to have “meaningful gains and protections for writers.”
Impact on California Economy
The strikes have had a significant impact on the California economy, resulting in billions of dollars in losses. The tentative deal between the writers union and major studios brings hope for the resumption of film and television production, providing a much-needed boost to the state’s economy.
Throughout the negotiations, both parties have worked towards reaching an agreement that addresses the concerns of the writers while ensuring the viability of the industry. The deal, if approved, will mark a positive step forward for both writers and the entertainment industry as a whole.