Hollywood strikes taking a toll on California's economy
In California, film and television production accounts for more than 700,000 jobs and nearly $70 billion a year in wages.
In California, film and television production accounts for more than 700,000 jobs and nearly $70 billion a year in wages.
As the Writer's Guild of America strike nears 100 days, Hollywood writers and studios met Friday to discuss whether to restart negotiations. The Hollywood Reporter's Katie Kilkenny spoke with CBS News about what this could mean for both the actors' and writers' strikes.
SAG-AFTRA Foundation President Courtney B. Vance announced the group has raised over $15 million for its financial assistance program, with donations of $1 million or more from A-listers.
The writers' union says the studios asked for a meeting to discuss restarting contract talks. A joint writers-actors walkout has crippled Hollywood production.
"I'd rather be on set today, but today's job is to be here making sure that people less fortunate than me get paid properly."
U.S. entertainment companies are widely expected to see a quarterly earnings bump driven by the ongoing strikes. The Writers Guild has been on strike for more than three months and the Screen Actors Guild voted to join them in July. Alex Weprin, media and business writer for the Hollywood Reporter, joined CBS News to discuss where the money is going.
The actor and writer strikes have already delayed production on a number of major Hollywood movies and shows, but the impact of the strikes goes beyond Hollywood. Productions are also slowing down in Vancouver, Canada, known as Hollywood North. Gemma Martini, chair of the Motion Picture Production Industry Association of British Columbia, joined CBS News to talk about the situation.
It marks the largest single-donation in the SAG-AFTRA Foundation's history.
The simultaneous writers' and actors' strikes have left Hollywood at a standstill, and that could reshape the entertainment industry as we know it. Some well-established actors and writers had been making a living off social media content -- even before SAG-AFTRA and the Writers Guild started picketing. Washington Post reporter Drew Harwell joins CBS News to discuss "the creator economy" and how it could affect the future of entertainment.
The last time writers and actors were on strike at the same time was 1960. In that work stoppage, unions won residuals, industry health care and pension plans that provided benefits for thousands of Hollywood workers. Writers and actors are again on the picket lines, fighting with the studios about pay in an era of new technology. CBS News' Lilia Luciano has more on the similarities between the two strikes.
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With compensation from streaming platforms front and center in actor and writer strikes, all eyes were on Netflix Wednesday as the streamer reported its latest earnings. The company posted $8.2 billion in revenue and 5.9 million new subscribers. Nicole Sperling, media and entertainment reporter for The New York Times, joins CBS News to explain what those numbers mean for the strikes and for the streaming industry.
Members of SAG-AFTRA joined thousands of writers on strike after failing to reach an agreement with Hollywood studios.
"Oppenheimer" is set to run in 30 IMAX theaters when it premiers, and director Christopher Nolan recommends seeing it in that format.
"I wish we would be talking to the other side," said Drescher, adding, "they're punishing us."
SAG-AFTRA's strike is less than a week old. And although the writers of the WGA have been on the picket lines since May, it may seem like this year's summer blockbusters wouldn't be affected by the work stoppages. Elaine Low, staff writer for The Ankler, has more on how the strikes could affect box office profits.
It's being called the "hot labor summer." From Hollywood to hotels, workers have been walking off the job -- recent data from Cornell University shows around 119,000 U.S. workers were on strike as of May. Seth Harris, former acting U.S. Labor Secretary in 2013 under then-President Obama, joins CBS News to discuss what's driving the recent wave of strikes and how increased strike activity could affect the economy.
The actors of SAG-AFTRA have joined the writers of the WGA for the first tandem walkout of those film and television industry unions since 1960. Jeff Astrof, a WGA writer and producer, joined CBS News to talk about the situation.
The media mogul said the strikes could potentially cause an "absolute collapse" of the industry if a settlement is not reached before September.
"Pivot" podcast host Kara Swisher tells "Face the Nation" that amid the Hollywood strikes, the real issue is the shift to streaming, which, while "necessary and important," is "expensive" and "the economics aren't worked out."
Missed the second half of the show? The latest on...podcast host Kara Swisher tells "Face the Nation" that amid the Hollywood strikes, the real issue is the shift to streaming, Rep. Michael McCaul of Texas tells "Face the Nation" that although the National Defense Authorization Act only received four Democrat votes in the House due to GOP-added restrictions on abortion, he believes it will ultimately be a "bipartisan bill", and Jake Sullivan tells "Face the Nation" that "we have indicated to North Korea that we're prepared to sit down and talk without preconditions about their nuclear program."
Barry Diller, IAC chairman and senior executive, tells "Face the Nation" that as a "good-faith measure," top Hollywood executives and actors should take a 25% pay cut to end the dual SAG-AFTRA and WGA strikes.
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The $300 billion will go to developing countries who need the cash to wean themselves off coal, oil and gas.
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Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
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The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. Now, from "The Coward Brothers," here are the Coward Brothers with "Early Shirley."
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. The pair opened up to CBS Saturday Morning about their fictional personas and that long hiatus earlier this week.
The Coward Brothers — better known as Elvis Costello and T Bone Burnett — began playing together more than 40 years ago, but until this week, the duo hadn't released any new music since 2006. Now, their new, self-titled album is earning critical acclaim. Now, from "The Coward Brothers," here are the Coward Brothers with "Tipsy Woman."
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