Money

What happens if actors, writers and studios wont agree?

Published

2 years ago

August 6, 2023

ticker NEWS

It’s the disagreement that has shut down Hollywood, and as the days tick along, the impact will soon be felt by viewers everywhere.

The distance between the parties on the main issue at hand, pay and the role of AI, are so vast, it’s probably time to ask a simple question.

What happens if they can never agree?

Negotiators from the Writers Guild of America (WGA) and representatives of major studios met to discuss the possibility of resuming contract talks amidst the three-month-long Hollywood writers’ strike.

However, the guild stated that no agreement was reached during the meeting.

According to the WGA, the Alliance of Motion Picture and Television Producers (AMPTP), which represents studios such as Walt Disney and Netflix, expressed the need to consult with its member studios before proceeding with further negotiations. The AMPTP has not issued a public statement following the meeting and has yet to respond to requests for comment.

The writers’ strike began on May 2, with approximately 11,500 members of the Writers Guild of America demanding better pay, fair streaming residuals, and other issues, including restrictions on the use of artificial intelligence.

In its statement after the meeting, the WGA revealed that while the AMPTP was open to increasing offers on specific TV minimums for writers and discussing AI-related matters, it did not show willingness to address other important concerns raised by screenwriters and other proposals.

The guild emphasized the need for a comprehensive response from the AMPTP on all work areas, along with addressing issues stemming from the strike, including extending health care benefits, additional plan funding, reinstating striking writers, and arbitrating disputes arising during the strike.

The dual strikes involving both writers and actors have had a significant negative impact on the economy, affecting various small businesses supporting the entertainment industry, such as florists, caterers, and costume suppliers.

No agreement

Before the meeting, both the writers’ guild and studios exchanged pointed statements.

The WGA’s negotiating committee called on studios to abandon the tactics used during the previous writers’ strike in 2007-08, accusing them of spreading misinformation about the strike’s real impact.

The AMPTP responded by stating that the discussion would determine if they have a willing bargaining partner and that their main focus is getting people back to work.

The strikes have resulted in significant disruptions, halting most work on scripted series for the upcoming fall TV season and film production. Warner Bros Discovery warned investors that the strikes’ uncertainty could lead to delays in film releases and impact content production and delivery.

Surviving the strike

Many streaming platforms and entertainment providers are now looking to live linear broadcasting to overcome the challenges faced by an ongoing strike.

Money

Markets surge as Fed hints at July cut

Fed’s Waller hints at July rate cut, boosting investor sentiment; Trump imposes 50% tariff on Brazil, provoking minimal market response.

Published

13 hours ago

July 11, 2025

ticker NEWS

Fed’s Waller hints at July rate cut, boosting investor sentiment; Trump imposes 50% tariff on Brazil, provoking minimal market response.

Fed Governor Christopher Waller, tipped as a possible next Chair, signalled a July rate cut is on the table, calling current policy “too tight.” That’s been enough to supercharge investor sentiment.

Meanwhile, Trump has slapped a surprise 50% tariff on Brazil, sparking political tension. Brazil’s President responded with tough talk on “sovereignty,” but markets barely blinked, the Brazilian real dropped just 1%.

#StockMarket #FederalReserve #Bitcoin #AUD #TrumpTariffs #TickerNews

Money

Trump’s copper tariff shakes global markets

Trump’s 50% copper import tariff aims to strengthen U.S. manufacturing, impacting global supply chains and Chile significantly.

Published

2 days ago

July 10, 2025

ticker NEWS

Trump’s 50% copper import tariff aims to strengthen U.S. manufacturing, impacting global supply chains and Chile significantly.

President Donald Trump has unveiled plans to impose a 50% tariff on copper imports, a move set to rattle global supply chains and redraw the industrial map.

The tariff will hit within weeks, with Chile, the world’s largest copper exporter, expected to bear the brunt.

While Australia’s direct copper trade with the US is limited, analysts say the real message is strategic: the US is reinforcing its domestic manufacturing power.

#CopperTariff #DonaldTrump #TradeWar #GlobalMarkets #TickerNews

Money

RBA unexpectedly keeps interest rates steady at 3.85%

RBA surprises with decision to maintain interest rates at 3.85%, impacting economic forecasts and housing market activity.

Published

3 days ago

July 8, 2025

Ahron Young

RBA surprises with decision to maintain interest rates at 3.85%, impacting economic forecasts and housing market activity.

In Short:
The Reserve Bank of Australia has kept its cash rate at 3.85% despite concerns from the Housing Industry Association about its impact on new home construction. Although inflation is within target and there’s some market confidence, households are under financial strain amidst economic uncertainties.

The Reserve Bank of Australia has decided to maintain the cash rate at 3.85% following a split vote of six to three. This unexpected decision comes as the Housing Industry Association warns that these rates remain restrictive, potentially hindering new home building.

Senior economist Tom Devitt stated that the rates will delay necessary building activity but noted improved market confidence following previous rate cuts.

Current inflation data shows the RBA’s preferred measure has been declining and remains within the target range. However, household spending is under strain, with Australia experiencing a per capita recession since mid-2022.

Labour costs

The RBA’s decision was influenced by concerns over productivity growth and high unit labour costs, affecting its inflation outlook. While some economists anticipated a rate cut, the RBA opted for caution due to economic uncertainties, both domestically and internationally.

The bank acknowledged gradual recovery in private demand and household incomes but highlighted ongoing challenges in passing cost increases to final prices.

Despite the hold on rates, price rises in essentials like petrol continue to impact Australian households. The RBA emphasized the need for ongoing assessment before making future rate changes, suggesting a careful approach in response to evolving economic conditions.