Monday, January 05, 2009

Studio and Networks More Vulnerable Now

This union was founded in 1933 during the Great Depression. We achieved our first contract with the studios in 1937. Despite general unemployment then at 25%, working actors formed Screen Actors Guild to resist the studios demand that all actors take a 50% pay cut because of the economic hard times for the entertainment industry in the 1930's. Actors then, at great risk to their careers, stood together and refused management's rollbacks.
The economic crisis puts pressure on both sides of the table in the TV/Theatrical contracts negotiation. The studios and networks are much more vulnerable today than they were a year ago facing the WGA

(emphasis added, from

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this posted by David August at 11:58 AM 

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