David Faber, a well-connected CNBC anchor, cites people close to negotiations between the major Hollywood studio producers and striking writers, saying the sides 'hope' to finalize a new deal tomorrow. The WGA strike began in early May, before the actors also went on a strike in mid-July, marking the first time that has happened in 63 years.
They cited some similar concerns in trying to protect members' livelihoods as streaming entertainment grows and studios begin to use generative AI tools in the entertainment industry.
The Writers Guild of America and the Alliance of Motion Picture and Television Producers reported earlier on the meeting between the Writers Guild of America and the Alliance of Motion Picture and Television Producers. The two sides released a joint statement saying they met for bargaining today and will meet again tomorrow. If the strike is not resolved, Faber said, the strike will likely continue until next year.
The meeting was reportedly attended by execs such as Netflix CEO Ted Sarandos, Disney CEO Bob Iger and Warner Bros. David Zaslav, Discovery's CEO, and Universal's chief content officer, Donna Langley, also served as the WGA's chief negotiator and the president of the AMPTP.
There is no word yet on any progress towards ending the SAG-AFTRA strike against the studios, even though the union is currently voting on whether to authorize a strike against the gaming industry as well. That vote will close on September 25th at 5 PM PT.