Hollywood Writers Strike Might Give Studios Chance to Slash Costs
The Hollywood writers’ strike could give studios and streamers an opportunity to slash costs by exiting undesirable talent contracts if the work stoppage drags on for an extended period, some entertainment executives said.
Members of the Writers Guild of America, which represents some 11,500 writers, went on strike this week after failing to reach a new deal Monday with the Alliance of Motion Picture and Television Producers, whose members include Netflix , Disney, Warner Bros. Discovery and Paramount.
The Hollywood writers’ strike could give studios and streamers an opportunity to slash costs by exiting undesirable talent contracts if the work stoppage drags on for an extended period, some entertainment executives said.
Members of the Writers Guild of America, which represents some 11,500 writers, went on strike this week after failing to reach a new deal Monday with the Alliance of Motion Picture and Television Producers, whose members include Netflix , Disney, Warner Bros. Discovery and Paramount.
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