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U.S. TV and Movie Industry Stalls as Writers Strike

May 5, 2023 by Jeff Lewis

Writers of your favorite Hollywood shows and movies are on strike for the first time in 15 years. The walkout began Tuesday and it’s got major studios scrambling as content could suffer, depending on how long the strike lasts. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says there’s enough cash in the industry to help pay writers fairly…

The L.A. Times says the unions are looking for better pay, streaming residuals and other issues in a new contract that would replace their latest contracts that expired May first. Late-night and weekly talk shows such as The Tonight Show, The Late Show, Last Week Tonight and Saturday Night Live were among the first casualties of the strike.

Filed Under: News

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