Concerns Raised Over Hollywood Strikes and Potential Consequences

One sentence summary – Barry Diller, a prominent figure in the entertainment industry, has expressed worries about the ongoing strikes by writers and actors, warning of potential disastrous effects on Hollywood and suggesting that studios exclude Netflix, Apple, and Amazon from negotiations with the unions, emphasizing the need for solidarity among studios, actors, and writers.

At a glance

  • Barry Diller expresses concern about ongoing strikes in Hollywood
  • He believes the strikes will benefit Netflix and undermine other media companies
  • Diller urges studios to exclude Netflix, Apple, and Amazon from negotiations
  • Studios, actors, and writers should be natural allies, but recent negotiations have been contentious
  • If strikes continue, it could lead to subscriber cancellations and revenue losses for major companies

The details




News Article

Barry Diller Concerned About Ongoing Strikes in Hollywood

Barry Diller, a notable figure in the entertainment industry, has voiced concerns about the ongoing dual strikes by writers and actors.

He warns that these strikes could have disastrous effects on the Hollywood industry.

Diller’s Belief on the Impact of Strikes

Diller’s belief is that the strikes will primarily benefit streaming giant Netflix, while undermining other established media companies.

He has recommended that studios should exclude Netflix, Apple, and Amazon from negotiations with the unions.

Studios, Actors, and Writers as Natural Allies

Diller’s viewpoint is that studios, actors, and writers should be natural allies due to their long history of working together.

However, recent contract negotiations between the studios and writers have been contentious and unsuccessful.

The strikes by the Writers Guild of America have been ongoing for over 100 days, with the actors’ union joining in July.

Representatives for the Screen Actors Guild (SAG), Writers Guild of America (WGA), the Alliance of Motion Picture and Television Producers (AMPTP), and Netflix did not respond to requests for comment.

Recent discussions with the writers union involved top media executives from Disney, NBCUniversal, Netflix, and Warner Bros. Discovery.

Diller forecasts that if the strikes continue through the end of the year, it could lead to a lack of fresh content on streaming services.

This could result in subscriber cancellations and revenue losses for major companies like Disney, NBCUniversal, and Paramount Global.

Diller describes Netflix as an “evil genius,” believing that the streaming giant has dominated the industry and left legacy media struggling to profit from their streaming businesses.

He suggests that legacy media companies should focus on their broadcast and pay-TV networks, instead of solely relying on streaming.

Diller sees an opportunity for legacy media to rebuild their networks using their existing shows and creativity.

Summary

In summary, the ongoing strikes by writers and actors in Hollywood have raised concerns for Barry Diller, who warns of potential catastrophic consequences.

He urges studios to exclude Netflix, Apple, and Amazon from negotiations and emphasizes the need for solidarity among studios, actors, and writers.

These strikes have been ongoing for over 100 days, with recent discussions involving major media executives.

Diller predicts that if the strikes continue, it could lead to subscriber cancellations and revenue losses for major companies.

He also highlights the dominance of Netflix and suggests that legacy media companies should focus on their traditional networks.


Article X-ray

Here are all the sources used to create this article:

A group of people holding picket signs outside a movie theater, with worried expressions on their faces.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

cnbc.com
– Barry Diller warns that the dual writers and actors strikes could have catastrophic consequences for the Hollywood industry.
– Diller believes that the strikes will only benefit streaming giant Netflix and weaken other legacy media companies.
– He advises studios to exclude Netflix, Apple, and Amazon from negotiations with the unions.
– Diller suggests that studios, actors, and writers should be natural allies due to their long history of collaboration.
The strikes have been ongoing for over 100 days for the Writers Guild of America, with the actors’ union joining in July.
Recent contract negotiations between the studios and writers have been heated and unsuccessful.
– Diller believes that the strike is unlikely to end by September and that it looks bleak for a resolution.
– Representatives for SAG, WGA, AMPTP, and Netflix did not respond to requests for comment.
Recent discussions with the writers union involved top media executives from Disney, NBCUniversal, Netflix, and Warner Bros. Discovery.
If the strikes continue through the end of the year, Diller predicts that the lack of fresh content on streaming services will lead to subscriber cancellations and revenue losses for major companies like Disney, NBCUniversal, and Paramount Global.
– Diller describes Netflix as an “evil genius” that has dominated the industry and left legacy media struggling to profit from their streaming businesses.
– Diller suggests that legacy media companies should focus on their broadcast and pay-TV networks instead of solely on streaming.
He believes that there is an opportunity for legacy media to rebuild their networks using their existing shows and creativity.

发表回复