Disney CEO Bob Iger committed to reaching a deal with screenwriters and actors to end the feud

Disney CEO Bob Iger committed to reaching a deal with screenwriters and actors to end the feud

Disney CEO Bob Iger committed to reaching a deal with screenwriters and actors to end the feud

About 1 month ago bob igerThe Disney CEO said that what the screenwriters and actors were asking for in Huelga was not realistic at all. The reactions to what he said were not expected and he was criticized for his lack of foresight, considering he is a multi-millionaire and not even one of the problems faced by most workers in the industry. Fran Drescher, president of the Syndicato de Actores de Cine-Federación Americana de Artistas de Radio y Télévisions (abbreviated to SAG-AFTRA in English), and Breaking Bad (100%) actor, Bryan Cranston, were some of the celebrities she supported. objected.

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However, Iger, instead of taking a confrontational approach, wants the conflict between studios and creatives to end, as in the so-called quarterly earnings call this month on August 9th. During the call, streaming losses of US$512 million for its direct-to-consumer services (Disney+, Hulu, ESPN+) and loss charges of US$2.4 trillion due to the withdrawal of several movies and shows were also revealed. Production disruptions caused by the storm resulted in a reduction of approximately US$27,000 million in spending forecasts for 2023.

Robert A.  Iger (Source:

Robert A. Iger (Source:

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Despite everything, the executive has every intention of reaching a settlement and the studio goes back to work with the actors and screenwriters. That’s what I announced (via) during the call. hollywood reporter,

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Nothing is more important to this company than its relationship with the creative community. This includes actors, writers, animators, directors and producers. I have the deepest respect and appreciation for all of those who are vital to the extraordinary creative engine that drives this company and our industry. And I sincerely hope that we will soon find solutions to the problems that have kept us apart for the past few months. I am personally committed to working to achieve this result.

The group of actors in Hollywood has attracted worldwide attention, with many claims and important personalities. The actors are demanding a pay hike and compensation for the balance salary, which has come down drastically with the rise of streaming services. Among the 160,000 members of SAG-AFTRA and the 11,000 members of the Writers Guild of America, Huelga has grown rapidly, garnering endorsements from celebrities such as Meryl Streep and Matt Damon.

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Role of actors and their influence

SAG-AFTRA President, fran drescherIt has been rightly pointed out that most actors are not wealthy, and many struggle to make ends meet, and according to the United States Office of Labor Statistics (via CNN) The median wage for actors in California in 2022 was only US$27.73 an hour, and many do not earn a full-time wage. At the same time, actors like Dwayne Johnson earned big bucks in 2022, fueling the controversy.

Residual pay, a compensation that is given to actors each time they repeat in a series or film in which they appear, has been an important part of the discussion. At the peak of streaming, actors claim they are making very little money, with even test shows paying less than 13 cents for reruns on streaming services, while Netflix co-executive director, Ted Sarandos or Greg Petersearned US$50 million and US$28 million in 2022, respectively.

The potential economic impact of Huelga could be US$4,000 million or more. Kevin Kloden, Global Strategist Jeff Dale Milken Institute. The incident has brought Hollywood projects to a complete halt, with effects that could reach far beyond the US economy, as well as places like the United Kingdom, Australia and New Zealand.

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