Well, we kinda knew it was coming.
The Association of Motion Picture and Television Producers and the Writers Guild of America were unable to come to terms on a new contract last night, leading to the first writers' strike in 15 years.
Unlike the last strike, I'm very pessimistic, simply because the two sides are so far apart on the issues that matter. Not to mention Wall Street, who has made their contempt for unions well-known, is holding the studios hostage (case in point: Trian's failed hostile takeover of Disney).
Only way I can see this end is if the government intervenes on behalf of the unions and forces the studios to accept their demands or face criminal investigation.
The Association of Motion Picture and Television Producers and the Writers Guild of America were unable to come to terms on a new contract last night, leading to the first writers' strike in 15 years.
Unlike the last strike, I'm very pessimistic, simply because the two sides are so far apart on the issues that matter. Not to mention Wall Street, who has made their contempt for unions well-known, is holding the studios hostage (case in point: Trian's failed hostile takeover of Disney).
Only way I can see this end is if the government intervenes on behalf of the unions and forces the studios to accept their demands or face criminal investigation.