Player #7
Missing Link Legend
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I was going to bring back the old "Netflix Crash and Burn" thread, but with all the bad news that just keeps coming out about Hollywood (mostly news about Netflix, Disney, and WB), I thought I expand it to cover all of Hollywood.
Streaming giant Netflix has lost a case against the Writers Guild of America, and must pay $42 million in unpaid residuals.
A recent arbitration with the WGA over Bird Box starring Sandra Bullock has resulted in the organization securing $42 million in unpaid writer residuals.
“Netflix argued the WGA should accept a substandard formula the company negotiated with DGA and SAG-AFTRA,” reads a WGA memo from president Meredith Stiehm. “After a hearing, however, an arbitrator determined differently: that the license fee should have been greater than the gross budget of the film.”
Netflix Must Pay $42 Million In Writer's Residuals - IGN
Netflix is being forced to pay at least $42 million in writers' residuals after the WGA won an arbitration ruling.
www.ign.com
Streaming giant Netflix has lost a case against the Writers Guild of America, and must pay $42 million in unpaid residuals.
A recent arbitration with the WGA over Bird Box starring Sandra Bullock has resulted in the organization securing $42 million in unpaid writer residuals.
“Netflix argued the WGA should accept a substandard formula the company negotiated with DGA and SAG-AFTRA,” reads a WGA memo from president Meredith Stiehm. “After a hearing, however, an arbitrator determined differently: that the license fee should have been greater than the gross budget of the film.”