Netflix, Disney Stocks Rise After End of Hollywood Writers Strike

Shares of Netflix and Walt Disney were rising Wednesday after Hollywood writers agreed to a deal to end their strike.

The deal includes increases to minimum pay rates, a new residual for streaming services based on viewership, and regulations on the use of artificial intelligence. Streaming firms will also provide the union with data on the total number of hours streamed for “self-produced high budget streaming programs” like a Netflix original series.

The WGA estimated the value of the three-year deal at $233 million annually., after initially seeking a deal valued at $429 million a year. Meanwhile, the Screen Actors Guild remains on strike, although a deal now seems more likely with negotiating power weakened by the writers’ return to work.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Disney, Netflix, Other Media Stocks Rise With End in Sight for Hollywood Writers StrikeA tentative agreement has been reached to cease the labor action that has shut down production of TV shows and movies.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Amazon and JPMorgan stocks fall, Rivian and DraftKings shares rally, and other stocks on the moveAmazon's stock falls after ecommerce giant is sued for its monopolistic practices, Rivian shares rally after a bullish Baird note.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Netflix, Max, Disney and More Form Streaming Industry Trade AllianceFormer Republican Rep. Fred Upton and Former Democratic Acting FCC Chair Mignon Clyburn are the senior advisors for the coalition.
مصدر: THR - 🏆 411. / 53 اقرأ أكثر »

Netflix, Amazon Stocks Rise With End in Sight for Hollywood Writers StrikeAn agreement has been reached to cease the labor action that has shut down production of TV shows and movies.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »