Hollywood is poised to get back to workAfter months of strikes that shut down most of Hollywood, the end appears in sight.
The SAG-AFTRA union that represents some 160,000 members tentatively agreed to a new contract with media giants that, if approved, will reinvigorate the $134 billion American movie and television business.
Union members are hopeful that the deal will bring significant financial concessions that made SAG-AFTRA’s longest-ever strike worth it.
But the changing economics of Hollywood may temper some gains, echoing the dilemma facing resurgent unions elsewhere in the country.
Led by the actress Fran Drescher, of “The Nanny” fame, SAG-AFTRA took a maximalist negotiating approach that involved accusing studios of plutocracy and belittling their bosses.
Persons:
Fran Drescher, ”, AFTRA
Organizations:
Hollywood, SAG, Writers Guild of America
Locations:
Hollywood, plutocracy