"Hollywood's Elite Speak Out: Overpaid Stars and the Pay Gap Crisis"

Barry Diller, former Hollywood studio chief, suggests that big-name actors and executives should take a 25% pay cut to address the pay gap in the movie industry. The Writers Guild of America has been on strike since May 2, and SAG-AFTRA joined the strike on Friday. If a deal isn't reached by September 1, the movie industry could face devastating effects. Analysts believe that while Netflix may not be heavily impacted in Q2, other studios may suffer more. Studios, including Netflix and Disney, blame the actors for the collapse of negotiations. Tens of thousands of actors have been protesting on picket lines and social media. The industry is also grappling with the impact of AI technology.