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” Zack Stentz - 1 “ - 1 “ Thor - 1 ” - 1 Max - 1 Peacock - 1 Paramount Global’s - 1
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☆ With the Strikes Over, the Mood in Hollywood Is Decidedly Mixed
  + stars: | 2023-11-08 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com   time to read: +1 min
But Disney+, Paramount+, Peacock and others continue to lose money. Most analysts say that there are too many streaming services and that the weakest will ultimately close or merge with bigger competitors. The entertainment industry’s underlying cable television and box office problems also remain dire, in some cases growing worse during the five months it took to restore labor peace. In July, Disney announced that it was exploring a once-unthinkable sale of a stake in ESPN, the cable giant that has powered much of Disney’s growth over the past two decades. Paramount Global’s once-venerable cable portfolio, centered on Nickelodeon and MTV, has also been pummeled by cord cutting; Paramount shares have dropped nearly 50 percent since May.
Persons: ” Zack Stentz, “, “ Thor, ”, Max, Peacock, Paramount Global’s Organizations: Netflix, Hulu, Warner Bros, Discovery, Paramount, Comcast, Disney, ESPN, Nickelodeon, MTV
☆ Opinion | The Hollywood Writers’ Strike Isn’t About Money, It’s About Survival
  + stars: | 2023-04-30 | by ( Zack Stentz | ) www.nytimes.com   time to read: +2 min
Continuing to succeed consistently over the course of a career can often seem next to impossible. But after three seasons of steady television work and a screenplay credit on the hit movie “Agent Cody Banks,” my luck finally ran out. The W.G.A.’s members make on average around $250,000 a year — and that’s before taxes, union dues and commissions to agents, managers and lawyers. The reality is that the seemingly big paychecks of Hollywood have to last through the lean periods that nearly every writer experiences. The formulas used to calculate the money owed for various forms of reuse are complicated and vary widely across platforms.
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