Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023
Alexi Rosenfeld | Getty Images Entertainment | Getty Images
The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios.
The guild on Monday announced that 99% of its membership voted to ratify the new deal, with 8,435 votes for “yes” and only 90 for “no.” The terms of the new agreement go from Sept. 25 through May 1, 2026.
“Through solidarity and determination, we have ratified a contract with meaningful gains and protections for writers in every sector of our combined membership,” said Meredith Stiehm, president of Writers Guild of America West.
The WGA secured pay increases in each of the next three years, artificial intelligence restrictions and a new residual system for streaming based on viewership. The guild also negotiated higher contribution rates to health benefits and…
2023-10-09 16:36:43
Original from www.cnbc.com
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