Hollywood sheds 17,000 jobs in August amid ongoing strikes

Hollywood sheds 17,000 jobs in August amid ongoing strikes


Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America (WGA) writers in front of Paramount Studios in Los Angeles, California, July 17, 2023.

Mike Blake | Reuters

Hollywood’s labor pool is taking a hit as the dual strikes by actors and writers drag on.

The film, TV and music sectors shed a combined 17,000 jobs in August, “reflecting strike activity,” the U.S. Bureau of Labor Statistics said Friday morning.

In contrast, the U.S. economy added 187,000 jobs during the month, spurred by growth in the health care, leisure and construction industries. It topped the 170,000 jobs forecast, according to Dow Jones.

The job losses for the motion picture and sound recording industries underscore one effect of the Writers Guild of America and SAG-AFTRA strikes, which began in May and in mid-July, respectively. In the months since, several notable films and shows halted or wrapped production early.

Hollywood’s massive work stoppage has also had a widespread impact on other sectors such as hospitality and real estate, costing California’s overall economy an estimated $3 billion so far. Hollywood’s striking writers and actors are negotiating with legacy studios for better pay as streaming and the threat of artificial intelligence affect their compensation.

Last month, writers’ union WGA said it received a new proposal from the Alliance of Motion Picture and Television Producers, the body representing major studios like Netflix, Disney and Amazon, to resume talks.

It came after weeks of stalemate and slow progress.



Source

Air traffic controllers, technicians with perfect attendance in shutdown to get ,000 bonuses, FAA says
Business

Air traffic controllers, technicians with perfect attendance in shutdown to get $10,000 bonuses, FAA says

An airplane takes off from New York’s Laguardia Airport after the FAA ordered flight cuts at 40 major airports amid the ongoing U.S. government shutdown in the Queens borough of New York City, U.S., November 7, 2025. Ryan Murphy | Reuters Air traffic controllers and technicians with perfect attendance during the government shutdown will receive […]

Read More
Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say
Business

Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say

The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost air cargo rates during the peak holiday shipping season, with some capacity out of the market, but analysts aren’t expecting a big impact. The Federal Aviation Administration on Nov. 8 prohibited flights of MD-11 planes, less than […]

Read More
Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery
Business

Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery

Paramount Skydance, Comcast and Netflix formally submitted takeover offers for Warner Bros. Discovery this week ahead of a deadline for first round offers, according to people familiar with the matter. Paramount Skydance and its advisors had been weighing in recent days whether to submit a higher bid than its previous $23.50-per-share offer that WBD rejected, […]

Read More