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TV & Film Industry News 📰

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*Current*

Week-to-week, WGA staff writer minimum: $5,069/week.

20-35 min program with a budget $1-$2.1 million: $15,903.

20-35 min program with a budget of $2.1 million or more: $27,100.

36-65 min program with a budget between $1.7 - $3.8 million: $28,907.

#WGA

[The Industry Insider @IndustryNewsNow]

*Current*

The WGA minimum rates for theatrical:
WGA minimum for screenplay with a budget of $5,000,000 or more: $145,469.
WGA minimum for screenplay with a budget of $5,000,000 or less: $77,495.
Option prices: 10% of script minimum.
Week-to-week feature employment: $6,307/week

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#MetGala
#Studio
#film
#wga
#AMPTP

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What are the biggest issues in the talks?

The (WGA) proposed a TV staffing minimum of 6-12 writers per show based on the number of episodes.

The WGA also proposed a guaranteed minimum number of weeks of employment per season ranging from 10-52 weeks.

#StudioNegotiations

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Why WGA is wanting new pay structures?

Writers have traditionally received residuals when their shows are sold to run again in syndication or on basic cable. However, they are unlikely to receive meaningful residuals, if any at all, when they create content for streaming.

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How could a WGA strike affect the TV & Film Industry?

According to an estimate from AMPTP, there could be as many as 20,000 people working on as many as 600 productions who could be out of work if the writers shutdown production.

#MetGala
#Strike
#tv

[The Industry Insider @IndustryNewsNow]

Many are wondering who are some of the people that the Alliance of Motion Pictures and Television Producers (AMPTP) represent?

Amazon, Apple, CBS, Disney, NBC Universal, Netflix, Paramount Global, Sony, Warner Bros. Discovery.

To name a few...

#MetGala
#WGA

[The Industry Insider @IndustryNewsNow]

AMPTP & WGA Talks Stalled -

The Writers Guild of America (WGA) is set to go on strike Tuesday morning for the first time since 2007. This move could bring an immediate halt to the production of many television shows. Stay tuned for more updates on this developing story.