'A lot of blood in the water.' Why actors and writers' strikes are a big blow to Hollywood studios
Hollywood top executives figured they could ride out a skirmish with screenwriters reeling from technology's changes to the industry.
But few executives were prepared for — or wanted — a strike by the industry's largest union, SAG-AFTRA, which represents 160,000 actors and other performers.
After talks over a new contract collapsed last week, throngs of performers joined writers on picket lines — plunging Los Angeles' signature industry into chaos and further complicating what some fear could become a long and devastating strike.
Movie shoots have ground to a halt. A-list stars have bailed on film and TV marketing campaigns. Matt Damon, Cillian Murphy and other actors walked out during Thursday night's London premiere of Universal Pictures' highly anticipated "Oppenheimer."
The upcoming fall TV season could sputter, devoid of new scripted episodes of "Abbott Elementary," "Law & Order: SVU" and "NCIS." And media companies that were already struggling to compete in the streaming era could see their fortunes further sink.
"There's going to be a lot of blood in the
You’re reading a preview, subscribe to read more.
Start your free 30 days