WGA Lays Out Costs Per Studio of Their $343 Million Increase to Contract
thewrap.comWriters Guild of America launched another salvo at Hollywood’s studios on Tuesday with a new memo to members outlining how much they estimate their proposed contract would cost each studio.
When the writers strike began two weeks ago, the WGA estimated that its proposed contract, much of which was rejected without a counteroffer by the Alliance of Motion Picture and Television Producers, would collectively cost the industry $429 million, with $343 million of that directly attributable to AMPTP’s member studios.
In a new chart, which can be viewed above, the WGA estimated how that $343 million breaks down on a studio-by-studio basis. It estimates that the proposed contract would cost Disney an additional $75 million, or less than 0.1% of its $82 billion annual revenue.
It also estimates that Netflix would pay up an additional $68 million, or 0.2% of its $31.6 billion annual revenue.“These companies have made billions in profit off writers’ work, and they tell their investors every quarter about the importance of scripted content.
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