Hollywood writers reach tentative deal
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 25 September 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, September 25th, and I'm your host Julie Morgan. |
| 0:12.0 | Writers in Hollywood studios have struck a tentative deal. |
| 0:16.0 | Apple is reportedly boosting production in India, |
| 0:19.0 | and Rite Aid could close up to 500 stores. |
| 0:23.0 | The Writers Guild of America and Hollywood Studios have come to a tentative agreement. |
| 0:28.0 | No word on exactly what is included in the deal. |
| 0:31.0 | It all happens Sunday night and paves the way |
| 0:34.0 | to end the strike that has been going on since May. |
| 0:37.1 | In a letter to its members, the union noted |
| 0:39.4 | that an agreement in principle had been reached |
| 0:42.2 | on all major points. |
| 0:43.7 | The final contract language needs to be farmed up with the Alliance of Motion Picture and |
| 0:48.5 | television producers. |
| 0:49.8 | After that, the deal needs to be ratified. |
| 0:52.2 | Writers fought for regulating the use of AI |
| 0:55.2 | an increase in pay and more residual payments |
| 0:58.2 | from streaming programs. |
| 1:00.1 | Although the strike is not yet over, |
| 1:02.3 | picketing has now come to an end. |
| 1:04.3 | Also, the potential agreement does not directly impact the ongoing actors strike. |
| 1:09.6 | AMPTP represents major studios including Amazon, Apple, Disney, |
... |
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