Hollywood writers to strike as streaming shift upends TV business

"The companies' behavior has created a gig economy inside a union workforce, and their immovable stance in this negotiation has betrayed a commitment to further devaluing the profession of writing," the WGA said in a statement on its website.

Media companies are facing a tough economic backdrop. Conglomerates are under pressure from Wall Street to make their streaming services profitable after investing billions of dollars on programming to attract subscribers. The primary sticking points, the group said, were proposals that "would require a company to staff a show with a certain number of writers for a specified period of time, whether needed or not."

Writers say they have suffered financially during the streaming TV boom, in part due to shorter seasons and smaller residual payments. That means new episodes will not be available during their traditional TV time slots or on the streaming services that make them available the next day.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Dallas Retailer Tuesday Morning is Going Out of Business; Liquidation Sales Coming SoonThe Dallas-based retailer has closed 265 stores since February, and the remaining 200 will start liquidation sales soon. Included are 59 stores in Texas.
Bron: NBCDFW - 🏆 288. / 63 Lees verder »

Tuesday Morning Is Going Out of Business and Closing All StoresDiscount retailer Tuesday Morning is officially going out of business and closing all 200 of its remaining stores.
Bron: BestLifeOnline - 🏆 533. / 51 Lees verder »