Hollywood Strikes: Impact on Christmas TV, Movie Releases, and Job Market
The ongoing Hollywood actors' strike, which began in July, may result in next year's movie releases being pushed back to 2025. Talks between actors and studios broke down last week, and there are concerns that the 2023 Christmas TV season and 2024 movie releases could be affected due to halted projects. The studios walked away from negotiations, citing an unbridgeable gap in the proposed $800 million per year SAG-AFTRA deal. The actors' union claims that the studios are refusing to protect performers from being replaced by AI, increase wages to keep up with inflation, and share revenue generated by actors' work. The strike continues, with no resolution in sight.