The WGA strike is likely to cost major studios more than it would to fairly compensate writers for their labor.
There might be a very easy solution for the strike organized by the Writers Guild of America which is currently placing several major Hollywood productions on hold. The Guild revealed to its members through an email that their proposed deal would cost studios an estimated $429 million every year, according to a report from Variety — which is virtually modest compared to the billions the industry generates annually.
COLLIDER VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT The Guild is looking for an active change regarding the way writers are treated during the current era of the industry, where streaming is one of the main branches of content production.
What Could the Strike Cost Each Major Studio? In the memo, the WGA also broke down what their proposed deal would cost each of the major studios. As it stands, the WGA says this deal would cost Disney $75 million per year; Netflix, $68 million; Warner Bros. Discovery, $47 million; Paramount Global, $45 million; NBCUniversal, $34 million; Amazon, $32 million; Sony, $25 million; and Apple, $17 million.
While those numbers may look significant, The Hollywood Reporter also shared the WGA's estimated percentages of how much annual revenue it would cost the major studios to pay their writers properly. For perspective, Netflix would only lose around 0.1% of its income, while Warner Bros. would merely have to pay 0.108% of what they earn to compensate the writers.
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