Double Strike In Hollywood: Actors And Writers Unite In Work Stoppage
Portfolio Pulse from Michael Cohen
Hollywood is experiencing a double strike from the Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTRA) and the Writers Guild of America (WGA), causing significant industry disruption. The unions are demanding fair compensation and have expressed concerns over the use of artificial intelligence in scriptwriting. The strikes come as the industry is still recovering from the COVID-19 pandemic. Meanwhile, streaming platforms like Netflix, Apple TV+, HBO/HBO Max, and Hulu are dominating the Emmy Award nominations.
July 13, 2023 | 8:41 pm
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Disney CEO Bob Iger expressed concerns about the strikes, stating that the unions' expectations were unrealistic and their actions were adding to the industry's challenges. Despite the strikes, Iger confirmed that he would remain as Disney's CEO until 2026.
The strikes could potentially disrupt Disney's production schedule, leading to delays in content creation and release. This could negatively impact Disney's revenues and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Apple TV+ is among the streaming platforms dominating the Emmy Award nominations, indicating a shift in the television landscape.
The dominance of Apple TV+ in the Emmy nominations indicates its strong position in the industry. This could potentially attract more subscribers, boosting its revenues and stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Netflix is among the streaming platforms dominating the Emmy Award nominations, indicating a shift in the television landscape.
The dominance of Netflix in the Emmy nominations indicates its strong position in the industry. This could potentially attract more subscribers, boosting its revenues and stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HBO/HBO Max from Warner Bros. Discovery is among the streaming platforms dominating the Emmy Award nominations, indicating a shift in the television landscape.
The dominance of HBO/HBO Max in the Emmy nominations indicates its strong position in the industry. This could potentially attract more subscribers, boosting its revenues and stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70