Writers strike updates

Writers are demanding their fair share; studios are holding back. Local members can support writers by joining them on their picket lines. The latest news is posted at www.

One unexpected casualty of the strike has been the payroll company Axium, the third-largest entertainment payroll company, which abruptly declared bankruptcy in early January. Some have speculated that Axium had made some bad investments; that plus the strike may have tipped the company over the edge.

Axium processes some of the paychecks for Local and AFM recording musicians. Some members may see their paychecks bounce. See box for more information. Read More. It added: "A deal can be made at the bargaining table, but it will require both parties working together in good faith with a willingness to compromise and to explore new solutions to resolve the open issues. IATSE is expected to return to negotiations but said it will do so hoping the studios "will see and understand the resolve of our members," Loeb said.

If they want to avoid a strike, they will return to the bargaining table and make us a reasonable offer," he said. Were writers brainstorming the next decade of prestige TV while on the picket line years ago? What if our show goes away after this? According to Peterson, there were a few things that drove it, including the fact that average TV earnings were increasing, due in part to things like decreased costs as the average television season became shorter.

Tens of billions of profits were not being shared with writers. The guilds made gains across the board, added funding to their health plan and increases in subscription TV residuals , high-budget SVOD residuals, and, for the first time ever, residuals for comedy-variety writers in Pay TV.

I think that was a collective fear shared by both the producers and the writers, which encouraged them to find common ground to avoid another strike. Main Menu U. News U. Politics Joe Biden Congress Extremism.

Special Projects Highline. HuffPost Personal Video Horoscopes. Follow Us. Part of HuffPost Entertainment. All rights reserved. But there were larger interests at stake. Jeff Vespa via Getty Images. Eli Holzman. Brian To via Getty Images. Brent N. Clarke via Getty Images. Thomas can vouch for that.

Handout via Getty Images. Or good, if you consider the past.