Hollywood Unfair Wages Strike 🎥

Table of Contents

Hollywood Unfair Wages Strike

Beginning in May of this year, the Writers Guild of America enacted a strike to protest against unfair labor practices from the Alliance of Motion Picture and Television Producers. Founded in 1933, the Writers Guild of America, or WGA for short, was a labor union consisting of writers and authors across the American West. Underneath the powerful hierarchy within the realms of Hollywood, these writers banded together to form an alliance that could assure their rights and prevent any malpractice from coming to them. One of the most famous refutation instances from the WGA was in 1960 when a young Ronald Reagan led the 21-week-long strike that inevitably won better pay, confirmed pension funds, and granted access to health care. In 2023, the stakes are similar, as the 11,000 members of the WGA have continued their now 10-week-long strike in search of better compensation, working conditions, and even regulations over the use of AI in future projects.

On Thursday, news broke that other Hollywood labor unions, such as the Screen Actors Guild – American Federation of Television and Radio Artists, will be fighting alongside the WGA, the first tandem strike since 1960. With all participating group members nearly 180,000 strong, the Alliance of Motion Picture and Television Producers has hastened its approach to present a deal that works for all parties. With nearly the entirety of the workforce on strike, the most recent failed negotiations have practically closed Hollywood, halting all film and television productions. Disney CEO Bob Iger commented on the situation, stating that negotiation successes with the Director’s Guild will hopefully translate into the other unions. He lastly stated that the pandemic had already greatly impaired the film industry and the strikes will have a “very damaging effect on the whole business”.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.