Writers’ Guild of America: Companies lost ‘at least’ $5 billion during strike

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TV and film production companies lost “at least” $5 billion, according to one member of the Writers’ Guild of America (WGA)

The WGA announced this morning that it reached a “tentative agreement” to end the 146-day writers’ strike.

“There's a bunch of things in there that I'm fairly confident that they've walked away with, or else they wouldn't be making this announcement.” "They're not doing their shareholders any favors, they're not doing the town any favors, and they're not doing the people who watch their streaming services any favours."“When the business went to streaming, everything changed,” he said.

“When a TV show went to network TV, there would be several revenue streams, but once it goes into a streaming service, there's no revenue stream except for the subscriber fees.”

 

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