Thursday, November 22, 2007

Writers strike costs $US21m a day

The 2007 Writers Guild of America strike which is a strike by both the Writers Guild of America, East(EGA) and the Writers Guild of America, west(WGA) that started on November 5, 2007. The two labor unions represent 12,000 members of film, television and radio writers working in the United States.The Writers Guild of America and the Alliance of Motion Picture and Television Producers agreed last week to return to the bargaining table on November 26.

According to reports this strike against major studios will cost at least $US21 million ($24 million) a day in television production spending alone and idle 10,000 workers if it lasts much longer, experts say.

The latest estimate accounts only for lost wages and other production costs in the Los Angeles area.

The writers have been demanding for a greater share of revenues from the Internet, widely seen as the future distribution pipeline of choice for filmed entertainment.

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