Hollywood workers reach deal on fresh contract, avert strike


An Eleventh-hour deal was reached on Saturday, averting a strike of movie and tv crews that might have seen some 60,000 behind-the-scenes workers stroll off their jobs and would have frozen productions in Hollywood and throughout the US.

After days of marathon negotiations, representatives from the International Alliance of Theatrical Stage Employees and from the studios and leisure corporations who make use of them reached the three-year contract settlement earlier than a Monday strike deadline, avoiding a severe setback for an trade that had simply gotten again to work after lengthy pandemic shutdowns.

Jarryd Gonzales, spokesman for the Alliance of Motion Picture and Television Producers, whose members embrace main studios together with Disney, Netflix and Inc, confirmed the settlement to The .

The Fine Print

  • Higher wages for the lowest-paid earners, and people in streaming
  • Retroactive wage hike of three% yearly
  • Daily relaxation intervals of 10 hours
  • Weekend relaxation intervals of 54 hours
  • Adoption of range, fairness and inclusion initiatives

Netflix estimates Squid Game might be price nearly $900 mn

Netflix estimates that its newest megahit, Squid Game, will create nearly $900 million in worth underscoring the windfall that one megahit can generate within the streaming period. (Bloomberg)

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