Hollywood writers to strike as streaming shift upends TV business ↗

By Lisa Richwine and Dawn Chmielewski at Reuters:

Thousands of film and television writers will go on strike starting Tuesday, throwing Hollywood into turmoil as the entertainment business grapples with seismic changes triggered by the global streaming TV boom.

The Writers Guild of America (WGA) called its first work stoppage in 15 years after failing to reach an agreement for higher pay from studios such as Walt Disney Co (DIS.N) and Netflix Inc (NFLX.O). The last strike lasted 100 days and cost the California economy more than $2 billion.

“The companies' behavior has created a gig economy inside a union workforce, and their immovable stance in this negotiation has betrayed a commitment to further devaluing the profession of writing,” the WGA said in a statement on its website.

It always saddens me to see just how unwilling those with money and power are to ever give an inch if it involves the betterment of those who they view to be below them. What would the entertainment industry be without the talented writers who craft its stories?

I wish all of the writers the very best of luck and a speedy and favorable resolution to this strike.