Hollywood Holding Its Breath as Actors and Studios Go Down to the Wire

Emma Grant
LOS ANGELES, CALIFORNIA - JULY 11: A sign reads 'SAG-AFTRA Supports WGA' as SAG-AFTRA members walk the picket line in solidarity with striking WGA (Writers Guild of America) workers outside Netflix offices on July 11, 2023 in Los Angeles, California. Members of SAG-AFTRA, which represents actors and other media professionals, may go on strike by 11:59 p.m. on July 12 which could shut down Hollywood productions completely with writers in the third month of their strike against Hollywood studios. (Photo by Mario Tama/Getty Images)

Tinseltown is on tenterhooks as the major studios and the actors’ union engage in tense negotiations just days before a strike could bring filming to a standstill.

Standoff Over Streaming

At issue is how actors are compensated as streaming becomes more dominant. The major studios want more flexibility over distribution models. But actors want improved residuals for projects on streaming platforms, where they say the studios are profiting hugely.

United Front

In past negotiations, studios exploited fractures within the actors’ union. But this time, A-listers are presenting a united front by joining picket lines and galvanizing support on social media. With high-profile projects on the line, the stakes are sky-high.

Pandemic Hangover

Hollywood is still recovering from the pandemic production shutdown. A strike now would deal a huge setback. But actors feel streaming residuals are crucial as the industry landscape shifts. They hope the studios will recognize the need for fair compensation.

Deal or No Deal?

As the deadline looms, negotiations will likely go down to the wire. No one wants a strike, but both sides have drawn battle lines. Will economic realities force a deal? Or will Hollywood grind to a halt while its brightest stars walk the picket lines? The next 72 hours will decide whether it’s lights, camera, action, or lights out.

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Emma Grant, an accomplished entertainment journalist, delves into the captivating intersection of art and entertainment. With a discerning eye for talent and an appreciation for the creative process, Emma's thought-provoking articles explore the multifaceted world of cinema, theater, and visual arts, shedding light on the power of artistic expression.