Actor Karen Brown walks the picket line with fellow SAG-AFTRA actors and Writers Guild of America writers in entrance of Paramount Studios in Los Angeles, July 17, 2023.
Mike Blake | Reuters
Hollywood’s labor pool is taking a success as the twin strikes by actors and writers drag on.
The movie, TV and music sectors shed a mixed 17,000 jobs in August, “reflecting strike exercise,” the U.S. Bureau of Labor Statistics stated Friday morning.
In distinction, the U.S. financial system added 187,000 jobs through the month, spurred by progress within the well being care, leisure and building industries. It topped the 170,000 jobs forecast, in keeping with Dow Jones.
The job losses for the movement image and sound recording industries underscore one impact of the Writers Guild of America and SAG-AFTRA strikes, which started in Might and mid-July, respectively. Within the months since, a number of notable movies and reveals halted or wrapped manufacturing early.
Hollywood’s huge work stoppage has additionally had a widespread impact on different sectors resembling hospitality and actual property, costing California’s general financial system an estimated $3 billion to date. Hollywood’s placing writers and actors are negotiating with legacy studios for higher pay as streaming and the specter of synthetic intelligence have an effect on their compensation.
Final month, writers’ union WGA stated it acquired a brand new proposal from the Alliance of Movement Image and Tv Producers, the physique representing main studios resembling Netflix, Disney and Amazon, to renew talks.
It got here after weeks of stalemate and sluggish progress.
