Teller Report

Sources: Hollywood strike close to solution

9/21/2023, 7:35:14 AM

Highlights: The writers' union WGA went on strike on May 2, demanding better conditions, more money from streaming and restricting the use of AI in the script process. The actors' union Sag-Aftra has also been on strike since July 14 and members are demanding a higher minimum wage. The strike means that no films or TV series with unionized actors can be filmed, but also that the actors cannot participate in the promotion of finished films, such as walking the red carpet or giving interviews.

The strike among screenwriters in Hollywood may be about to be resolved, sources tell CNBC.


The writers and producers hope to reach an agreement on Thursday, according to sources familiar with the negotiations. On Wednesday, the parties met for a meeting, as evidenced by a joint statement.

The screenwriters' union WGA went on strike on May 2, demanding better conditions, more money from streaming and restricting the use of AI in the script process.

The actors' union Sag-Aftra has also been on strike since July 14 and members are demanding a higher minimum wage, to share in the profits from streaming services and that a new regulatory framework will protect actors from being replaced by artificial intelligence.

The strike means that no films or TV series with unionized actors can be filmed, but also that the actors cannot participate in the promotion of finished films, such as walking the red carpet or giving interviews.