'Disney Studio Visual Effects Workers File To Unionize' - Below The Line
Portfolio Pulse from Happy Mohamed
Visual Effects (VFX) crews at Walt Disney Pictures have filed with the National Labor Relations Board for an election to unionize, backed by the International Alliance of Theatrical Stage Employees. This follows a similar move by Marvel's VFX crews and marks only the second time in history that VFX professionals have sought unionization. Over 80% of the 18 in-house VFX crewmembers at Walt Disney Pictures have signaled their desire to unionize. If successful, the studio would be required to begin negotiations for a contract covering these workers.
August 28, 2023 | 4:29 pm
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Disney's VFX crews are seeking to unionize, which could lead to increased labor costs for the company if successful. This could potentially impact Disney's profitability in the short term.
The unionization of Disney's VFX crews could lead to increased labor costs for the company, as unions often negotiate for higher wages and better benefits. This could potentially impact Disney's profitability in the short term, especially if the unionization effort is successful and leads to a contract that significantly increases labor costs. Therefore, the news is highly relevant and potentially important for investors in Disney.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100