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.