Writer’s strike update

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 23 August 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Writer’s Guild of America is over 100 days in to a strike for updated wages, AI contract stipulations, higher streaming residuals and more. Still, a deal with the AMPTP doesn’t seem close. Plus, China’s troubled property sector has caused an economic slowdown and tremendous amounts of debt for local governments.

Transcript

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0:00.0	The Fall TV season is almost here.
0:04.3	An end to the Hollywood strike is not, you've got the latest.
0:09.2	From Marketplace, I'm Sabrina Schor, in for David Brancaccio.
0:12.3	The latest negotiations between Hollywood studios and striking writers are spilling into
0:17.5	the open.
0:18.5	Major studios have released proposals that they say address the writer's concerns on things
0:23.3	like payments from streaming and the use of artificial intelligence.
0:26.4	The writer's union appears unimpressed.
0:29.0	There's Nova Safos here with the details.
0:30.6	Hi, Nova.
0:31.8	Good morning, Sabrina.
0:33.8	So the writer's guild of America has been talking again with studios for about a week now.
0:39.0	Those negotiations are coming out.
0:40.7	What are we learning?
0:41.7	Yeah.
0:42.7	Well, and what we're learning is that they're not close to a deal.
0:45.8	The writer's guild has promised to release more details later today.
0:49.4	But so far, they've dismissed the studio's latest offer as full of loopholes and emissions.
0:54.4	And they also criticized the alliance for motion picture and television producers.
0:57.9	That's the AMPTP, which represents the big studios and networks for publicly releasing
1:03.2	its latest proposal.
1:04.8	It is rare for the alliance to make public statements.
	...

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