WGA Strike Just Hours Away From Commencing as Current Agreement Set to Expire
Hollywood could experience its first writer's strike in 15 years if the Writer's Guild of America and the Alliance of Motion Picture are unable to reach an agreement on new contracts. Writers are looking for increased pay and more flexibility to work on multiple shows during down time. Cheddar News senior reporter Michelle Castillo said many of the changes the WGA are seeking stem from a transformation of the industry due to the streaming TV boom.
The curtain is finally coming down on Netflix's once-iconic DVD-by-mail service, a quarter century after two Silicon Valley entrepreneurs came up with a concept that obliterated Blockbuster video stores while providing a springboard into video streaming that has transformed entertainment.
The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.
