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Hollywood set for transformation with new WGA contract

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We know what our words are worth at Netflix on 9/20. Photo: J.W. Hendricks

A recently ratified Writers Guild of America (WGA) contract is poised to revolutionise the landscape of Hollywood.

This monumental agreement brings forth fundamental alterations in the way the entertainment industry operates. In a nutshell, the contract redefines compensation structures, solidifying fair pay for writers and creators across various platforms.

One notable change is the integration of more equitable profit-sharing mechanisms, guaranteeing writers a more significant slice of the proverbial pie. Additionally, the contract underscores the importance of proper crediting and recognition for writers, ensuring their vital contributions are acknowledged and duly compensated.

Artificial intelligence was of course another major point of discussion with agreements outlined below stating:

“We have established regulations for the use of artificial intelligence (“AI”) on MBA-covered projects in the following ways:

  • AI can’t write or rewrite literary material, and AI-generated material will not be considered source material under the MBA, meaning that AI-generated material can’t be used to undermine a writer’s credit or separated rights. 
  • A writer can choose to use AI when performing writing services, if the company consents and provided that the writer follows applicable company policies, but the company can’t require the writer to use AI software (e.g., ChatGPT) when performing writing services. 
  • The Company must disclose to the writer if any materials given to the writer have been generated by AI or incorporate AI-generated material.
  • The WGA reserves the right to assert that exploitation of writers’ material to train AI is prohibited by MBA or other law.”

The WGA contract also takes steps to address issues of diversity and inclusion within the industry, fostering an environment that welcomes voices from all backgrounds and experiences. This shift towards a more inclusive landscape is seen as a crucial step towards rectifying historical disparities within the entertainment realm.

See a summary of the entire campaign here

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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Will the Fed reserve’s cautious stance tame inflation or stifle growth?

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The Federal Reserve opted to keep interest rates unchanged, signalling concerns over the sluggish pace of inflation improvement.

On this episode of Hot Shots – US Fed Reserve aim for 2%, Elon Musk makes a bold Tesla choice, Amazon makes big movies thanks to AI and fast-food restaurants are facing a big issue with customer retention.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #hot shots #ticker today

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