The demands of both unions shared commonalities, such as enhanced protections against the use of artificial intelligence, increased base compensation, and a larger share of streaming revenues. Remarkably, this marked the first instance of both unions striking simultaneously since 1960.
Economic Impacts
The dual strikes significantly disrupted Hollywood, causing production halts for numerous projects, including major movie sequels, network series, and streaming originals. As a result of guild rules preventing actors from promoting their work during the strike, major studios postponed the release of completed films, including “Dune: Part Two.”
The consequences of the strikes extended beyond the industry’s top-tier performers, placing many actors and writers in precarious financial situations.
Los Angeles Mayor Karen Bass welcomed the tentative agreement, emphasizing its potential impact on the broader economy. She recognized the challenges faced by those on the strike’s front lines and the ripple effects that reached throughout Los Angeles and the entire country.
