HOW HOLLYWOOD IS PREPARING FOR A LONG STRIKE
0How Hollywood is preparing for a long strike\n\nNegotiations between the Writers Guild of America and the Screen Actors Guild and the American Federation of Television and Radio Artists with the Alliance of Motion Picture and Television Producers are still on hold. and member companies are focusing on content distribution and monetization strategies to to weather the crisis storm. In their recent statement. AMPTP member companies assured the public that. despite all other statements to the contrary. they are aligned and are negotiating a solution together. However. so far. the AMPTP has submitted a counteroffer to the WGA that includes a 5% increase in wage rates in the first year of the contract. 4% in the second year and 3.5% in the third year – an average increase of 13% compared to the three year contract in Contrast with the 6% to 5% to 5% wage increase originally proposed by the WGA. Production companies are also leveraging global multiplatform content capabilities to drive revenue across the DTC segment. which is uniquely positioned to withstand some of the impacts of the Hollywood strikes due to the availability of global content across multiple subscriptions and online services. Demand platforms.\n\n#news