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The Indicator from Planet Money

Why residuals are taking center stage in actors' strike

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 27 July 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Hollywood has been on strike for weeks with writers and actors hitting picket lines from California to New York. The unions for both groups, the Writers Guild of America and SAG-AFTRA, say a major sticking point in negotiations with major studios has been over one item in particular: residuals. Today on the show, we talk to SAG-AFTRA's chief negotiator on how residuals are drying up for actors in the age of streaming.

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Transcript

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0:00.0

The Waltz Disney Studios campus in Burbank, California is not the happiest place on Earth

0:20.9

right now.

0:21.9

For the last several weeks, hundreds of protesters have been marching back and forth in front

0:25.9

of the studio gates here, waving signs and shouting their demands.

0:34.2

These protesters are members and supporters of the biggest writers and actors unions

0:38.3

in the US.

0:39.6

The WGA, that's the writers' guild of America, and SAG-AFTRA, the screen actors' guild

0:45.1

and the American Federation of Television and Radio Artists.

0:47.9

It's a bit of a mouthful for a union, I think you really need a short name.

0:51.4

Right, I'll propose that, buddy.

0:53.7

Both of these unions walked out of talks recently with the Alliance of Motion Picture

0:57.2

and Television Producers, that's the organisation that represents studios like Disney and Netflix,

1:02.0

and they walked out over contracts regarding pay, conditions, and use of the writers and

1:06.1

actors' images.

1:07.3

The writers have been punding the pavement here since May 2, the actors joined them a

1:11.0

couple of weeks ago.

1:12.0

The strikers have quite a few demands, covering everything from the size of writing teams

1:16.2

to the threat posed by artificial intelligence.

1:20.2

But one item keeps coming up again and again.

1:23.0

Residuals, we're definitely talking about that.

1:24.7

Think about residuals.

1:25.6

Residual income.

...

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