Marvel's VFX Artists Vote for Unionization Amid Industry Labor Struggles
Portfolio Pulse from Vandana Singh
Marvel Studios' visual effects (VFX) workers have voted unanimously for unionization under the International Alliance of Theatrical Stage Employees (IATSE). This comes amidst ongoing labor strikes in Hollywood. The Walt Disney Co (NYSE:DIS), the owner of Marvel Studios, has required substantial special effects work over the past three years for its films and TV productions. The push for unionization comes as Hollywood grapples with concurrent labor strikes involving its writers and actors.
September 14, 2023 | 1:49 pm
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The Walt Disney Co (NYSE:DIS) could be impacted by the unionization of Marvel Studios' VFX workers, as it owns Marvel Studios and has required substantial special effects work over the past three years.
The unionization of Marvel Studios' VFX workers could potentially lead to increased labor costs for The Walt Disney Co, which owns Marvel Studios. This could impact the company's bottom line, especially if the workers are successful in negotiating higher wages and better working conditions. Additionally, ongoing labor strikes in Hollywood could disrupt the production of Disney's films and TV shows, potentially affecting its revenues.
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