California State Treasurer Tells Media CEOs To “Return To Negotiations, Work Toward Fair Deal With Writers And Actors”
deadline.comCalifornia Treasurer Fiona Ma has sent letters to the CEOs of seven Hollywood studios urging a return to the bargaining table with the WGA and SAG-AFTRA to end a months-long double strike that’s shut down much of the entertainment industry and is taking a major toll on the California economy. “I write with deep concern regarding your failure to end the ongoing strike,” Ma said in letters dated Aug.
30 to Disney chief executive Bob Iger, Comcast CEO Brian Roberts, Paramount Global CEO Bob Bakish, Warner Bros. Discovery CEO David Zaslav, Netflix co-CEOs Ted Sarandos and Greg Peters, Apple CEO Tim Cook and Amazon CEO Andy Jassy.
Read her letter here. With the Writers Guild and Screen Actors Guild on strike, “virtually all film and television production in this country has come to a full stop.
The impact of these two strikes paralyzes Hollywood and reverberates across the state, affecting countless businesses, thousands of pension fund beneficiaries and millions of Californians,” Ma wrote, noting that entertainment and adjacent industries account for almost 20% of the Los Angeles area income and provide jobs to 700,000 in the state. “Your failure to come to an agreement is threatening the industry’s ability to ensure that writing, acting and other positions are viewed as sustainable careers in California.
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