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#QUIT MY JOB TODAY MOVIE#
At the same time, the rise of online video has eroded television ad revenue as traditional TV audiences shrink and movie ticket sales remain below pre-pandemic levels.🌵 r/SeriousConversation The friendlier part of Reddit
Many streaming services, however, have yet to turn a profit after companies spent billions of dollars on programming to try and attract customers.ĭisney, Comcast Corp's (CMCSA.O) NBCUniversal and Paramount Global (PARA.O) each lost hundreds of millions of dollars from streaming in the most recent quarter. "There's money being made and it needs to be allocated in a way that takes care of people who are on the margins." "You have to make $26,000 a year to qualify for your health insurance and there are a lot of people who get across that threshold through their residual payments," actor Matt Damon said at a promotional event held for the film "Oppenheimer" on Wednesday. "This is the worst time in the world to add to that disruption."Īctors say the rise of the streaming era has made it harder to earn their livelihoods, especially for the many thousands of SAG-AFTRA members who are not household names. "It's very disturbing to me," Iger said, noting the entertainment industry's ongoing recovery from the COVID-19 pandemic. Hollywood has not faced simultaneous strikes since 1960, when members of the WGA and the Screen Actors Guild both walked off the job in a fight over residuals from films sold to TV networks.ĭisney CEO Bob Iger, speaking from a gathering of media and tech moguls at a resort in Idaho, told CNBC on Thursday that the writers' and actors' unions had unrealistic expectations. But the loss of actors, who will also not promote their films or TV shows while on strike, will put more pressure on media companies to find a resolution. Some production work not involving SAG-AFTRA performers can proceed, such as location scouting or some post-production editing. It will also hamper many overseas shoots involving SAG-AFTRA talent, such as Paramount Pictures' sequel to "Gladiator," which director Ridley Scott has been shooting in Morocco and Malta. The walkout by SAG-AFTRA, which represents actors from bit-part players to Hollywood's biggest movie stars, will effectively shutter the studios' remaining U.S.-based productions of film and scripted television.
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