The Hollywood Strikes…
AI, Digitization, and What It Means For The LA Economy
A new analysis by Christopher Thornberg looks at the Hollywood strikes, their causes, and the real enemies the motion picture industry is facing.
The Hollywood strikes are over, but the forces that led to them are far from subdued. A new analysis and commentary by Christopher Thornberg looks at the strikes, their causes, and the real enemies the motion picture industry is facing. How much did the strikes really affect the Los Angeles economy (not as much as we may think)? Is AI as much of a job threat as actors and writers fear (yes, the tech barbarians are at the gates)? Are the studios the writers’ and actors’ real enemies (no, the tech barbarians are through the gates).
Dive Into The New Beacon Economics’ Hollywood Strike Analysis
At long last, the “Great Hollywood Strike” has come to an end. It’s been almost six months since Hollywood’s film and television writers — represented by the Writers Guild of America (WGA) and later joined by the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) — went on strike. The actors’ contract has just been settled and they now join the writers, whose demands for higher pay and a number of basic employment protections were met a month ago. While the details of the actors’ contract had not been released as of this writing, SAG-AFTRA valued the deal at over a billion dollars. WGA has made it clear that they view the writers’ new contract as a win for the workers.
Read the Report
The SAG-AFTRA and WGA union strikes have finally come to an end, but the motion picture industry’s real enemies are the tech giants of Silicon Valley and Silicon Beach. Digitization and AI have transformed Hollywood, and the threat can only be addressed by restructuring and enforcing digital property rights.
Read the Report
The SAG-AFTRA and WGA union strikes have finally come to an end, but the motion picture industry’s real enemies are the tech giants of Silicon Valley and Silicon Beach. Digitization and AI have transformed Hollywood, and the threat can only be addressed by restructuring and enforcing digital property rights.
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