Studios Say Writers Out $151M So Far

Losses are greater than potential contract value, they assert
By Jim O'Neill,  Newser User
Posted Dec 29, 2007 6:02 PM CST
Writer Elizabeth Johnson walks the picket line along members of the Writers Guild of America (WGA) outside the gates of Paramount Pictures studios in Los Angeles, Monday, Dec. 10, 2007. The Hollywood...   (Associated Press)
camera-icon View 3 more images

(Newser) – As of Friday, Hollywood writers have lost more than they stand to gain—$151 million—in their eight-week strike for a new three-year deal, the studios allege in a video on their strike blog, the Hollywood Reporter reports. But the writers say the studios' current offer "would cause writers even more economic harm...than they claim this strike has caused."

Striking back on their blog, the writers allege the studios' "refusal to negotiate" has cost the LA economy $471 million and counting. The writers says the fundamental issue is pay for work distributed over the Internet and other digital media. The studios assert that union leaders "are focused on jurisdictional issues that would expand their own power."