All posts tagged: kind of impossible.Li

The Post-Strike Future of Hollywood

The Post-Strike Future of Hollywood

If the recent Hollywood strike were a movie, it would have a satisfying ending. The Screen Actors Guild (SAG) and the Writer’s Guild of America (WGA) got the important things they were asking for, namely better residuals for streaming shows and some protections from AI. Fran Drescher, an actor and the president of SAG-AFTRA, made a convincing case that this was a historic victory for labor and women’s empowerment, and recently said Meryl Streep was urging her to run for president of the United States. The sequel to this saga, however, looks a lot darker. Like previous strikes, this one was instigated by a genuine reckoning for the industry. Every time there is a new technological innovation—TV sets, video cassettes, pay TV, digital downloads—Hollywood has an identity crisis. The latest tech foil was streaming. It was an exciting, generative, endlessly replicated innovation—or seemed that way until everyone started to slow down and look at the numbers. Disney, for example, has lost $10 billion on its streaming service since 2019. And many writers, actors, and studio …