Page 26 - Poze Magazine Volume 65
P. 26

The financial consequences of the
      WRITERS                            strike were widespread and affected
                                         the entire industry. Studios were
                                         impacted by the lost revenue from
                                         delayed film and television
                                         productions. Writers also suffered
      STRIKE                             due to their lost wages, and crew
                                         members and actors were unable to
                                         work during the strike.

                                         The strike was eventually resolved
                                         after the WGA and the AMPTP came
                                         to an agreement. The two sides            Ultimately, the 2023 writers’
                                         agreed to a three-year contract, with     strike had a major impact on
                                         the WGA receiving increased               the industry and highlighted
                                         residual payments and credits. The        the importance of writers’
                                         contract also included improved           economic security. It also
                                         health and pension benefits.              pushed the industry to
                                                                                   recognize modern trends in
                                                                                   streaming and new media,
                                                                                   and the power of
                                                                                   showrunners and the writers’
                                                                                   room. Although the disruption
                                                                                   caused by this historic strike
                                                                                   was significant, it allowed for
                                                                                   a better system for writers
                                                                                   and the industry as a whole.
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