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In this video, we're breaking down the potential Writers Guild of America strike. Why would they strike? How could your favorite TV shows be affected if they do? And when was the last time a WGA strike occurred?
Transcript
00:00The Writers Guild of America is readying for a potential strike, so why would they strike?
00:05How could your favorite TV shows be affected if they do?
00:08And when was the last time a WGA strike occurred?
00:11Let's break it down.
00:13The WGA's current three-year contract with the Alliance of Motion Pictures and Television
00:18Producers expires Monday at midnight.
00:20In their next contract, the WGA is asking for better compensation and working conditions
00:25for writers amid the rise of streaming services.
00:27According to the WGA, quote,
00:30Over the weekend, the two sides attempted to reach an agreement when it comes to residuals
00:39and data transparency from streamers, as writers currently get paid fixed residual fees for
00:44streaming content, without getting rewarded for a title's success the same way they do
00:48when a series is rerun on broadcast.
00:51The last writer's strike in 2007 and 2008 lasted 100 days and cost the California economy
00:57an estimated $2.1 billion.
01:00It resulted in many shows being canceled, with companies relying on reality TV, as networks
01:05leaned into unscripted programming.
01:07The 65th Golden Globes were also canceled, with winners' names announced during a press
01:12conference instead.
01:13This time around, if an agreement is not reached, a work stoppage will likely begin on May 2,
01:18and writing for television, feature films, and streaming series would be halted.
01:22This would have a large impact on the production of late-night shows such as Jimmy Kimmel Live,
01:26The Tonight Show Starring Jimmy Fallon, Late Night with Seth Meyers, and Saturday Night Live,
01:31as it would put a stop to any new writing from WGA members.
01:35Additionally, a strike in May might delay the network television season, as writers on fall
01:39network series typically start work in May or June ahead of the season premieres.
01:43Since rumors of a strike have been looming for months, networks and streamers like Netflix
01:47have been trying to get ahead of the possible work stoppage by stockpiling scripts, handing
01:51out early renewals, and amassing unscripted titles that do not involve unionized writers.
01:57Netflix co-CEO Ted Sarandos said of a potential strike,
02:00We really don't want this to happen, but we have to make plans for the worst, and so
02:04we do have a pretty robust slate of releases to take us into a long time.
02:08Warner Bros. Discovery president and CEO David Zaslav also has said the company has content
02:13lined up should a work stoppage occur.
02:15For more on this story and the latest updates, head to THR.com.
02:19This is The Hollywood Reporter News.
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