The Writers Guild of America (WGA) is calling off its strike. Its members will now explore a new contract with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Hollywood studios, writes The Verge.
The WGA has released the details of the contract, which is yet to be voted on by the Guild members. According to it, authors of streaming services will receive a minimum 18% increase in remuneration if the film’s budget is at least $30 million. They will also receive a 26% increase in residual payments if the project is successful.
In addition, the Guild won a victory regarding the use of artificial intelligence in its work. According to the contract, AI will not be used to write or edit scripts, and the texts it generates cannot be used as source materials.
In addition, studios will now have to provide the WGA with information on the success of projects. This includes data on domestic and international broadcast hours. This means that Netflix, Disney Plus, Amazon, and other streaming services will not be able to invent metrics or ratings. This agreement is important because the salaries of screenwriters will depend on the indicators.
As you know, the screenwriters’ strike began in May. The Writers Guild of America was unable to conclude a new agreement with the studios by May 1, and the previous agreement expired. This has had a negative impact on the film industry.