The Streaming Stock to Hold as Hollywood Strikes
Hollywood has ground to a halt. With approximately 20,000 members of the Writers Guild of America (WGA) and 160,000 members of the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) on strike, filming has paused, stars have ceased acting, and writers are not writing.
Many are predicting difficult times ahead for entertainment companies with concerns there will be a dip in new scripted shows as soon as this fall, and next year's movie release schedule could also face disruption.
Walt Disney CEO Bob Iger has made his feelings clear, suggesting the contract demands of actors and writers are "not realistic," a view that has seemingly only stoked further distrust between the unions and the Alliance of Motion Picture and Television Producers (AMPTP) -- the body that represents Hollywood studios.
Source Fool.com
