Some 10,500 screenwriters walked off the job on Nov. 5, throwing the U.S. television industry into turmoil, derailing a number of motion picture projects and idling thousands of Hollywood production workers. This has cost the Los Angeles economy 1.6M dollars.Several writers said the growing economic fears actually strengthened their resolve to secure higher reuse fees for their work, payments called "residuals," which help to fund the guild's medical plan.
Writers are seeking sharply higher residual rates for films and TV shows resold as Internet downloads, as well as new fees for advertising-supported online streaming of their work.
I’ve always thought writers were under payed anyway. Hopefully, these issues will be resolved, so we can continue to go to the cinema and watch blockbuster films -- because what happens in Hollywood affects worldwide entertainment. For the writers of Greece, this gives you something to think about!
antweaver
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