{"id":1975076,"date":"2023-07-17T12:24:01","date_gmt":"2023-07-17T16:24:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hollywood-could-face-absolute-collapse-if-strikes-continue-former-industry-executive-says\/"},"modified":"2023-07-17T12:28:12","modified_gmt":"2023-07-17T16:28:12","slug":"hollywood-could-face-absolute-collapse-if-strikes-continue-former-industry-executive-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hollywood-could-face-absolute-collapse-if-strikes-continue-former-industry-executive-says\/","title":{"rendered":"Continued strikes could lead to Hollywood&#8217;s &#8216;total collapse&#8217;, warns ex-exec."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhollywood-could-face-absolute-collapse-if-strikes-continue-former-industry-executive-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1975076&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Former\u2062 Hollywood\u2063 Executive Warns of \u2063Devastating\u200d Effects if Strikes Continue<\/h2>\n<p>Just\u200b three\u2062 days\u200c after \u200dSAG-AFTRA \u200dshowed \u2062solidarity\u2063 with the WGA, \u2063a former Hollywood executive\u2062 is \u2062sounding\u2064 the alarm about\u2064 the potential \u200c&#8221;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/media-mogul-suggests-hollywood-execs-and-top-actors-take-25-pay-cut-to-end-strike-quickly\/\" title=\"Media mogul proposes 25% pay cut for Hollywood execs and top actors to resolve strike swiftly.\">devastating\u200b effects<\/a>&#8221; that\u200d could \u200bbefall\u2063 the\u200c film and\u2063 television industries \u2064if\u2063 both\u200c strikes\u2064 are\u200b not \u200cresolved\u200c soon.<\/p>\n<p>In \u200ban\u2063 appearance\u2062 on \u200dCBS&#8217;s Face the\u200c Nation, Barry Diller, chairman of IAC\u2064 and \u200cExpedia\u200d Group\u2064 and \u2062former CEO\u2062 of \u200bParamount\u2063 Pictures, \u2062shared\u200c his \u2064concerns \u200dabout \u200dthe \u2062consequences\u2062 of \u200cprolonged \u2064strikes.<\/p>\n<blockquote><p>\n\u2063  <\/p>\n<p>&#8220;These conditions\u200d will\u2064 potentially\u2064 produce an \u2063absolute \u200ccollapse of an \u2063entire industry\u2062 if \u200dthey persist past \u2063September \u20621,&#8221; \u2064Diller \u2063warned.<\/p>\n<\/blockquote>\n<p>The \u200cimpact of the\u200d strikes is already\u2063 being\u200b felt, with\u2062 Hollywood\u2063 effectively shut \u2062down\u2063 until\u200c a mutual agreement\u200b is reached between the studios\u200c and the \u2064two guilds.\u200d Actors and\u200c writers are unable\u200d to \u200bwork, \u200cand \u200bthe strikes will continue until labor\u2063 demands for \u2064better\u200d compensation\u200b and \u2064creative protection \u2064against <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/from-impeaching-incitement-to-canceling-conservatism\/\" title=\"From Impeaching Incitement to Canceling Conservatism\">artificial intelligence<\/a>\u200b are \u2063met.<\/p>\n<p>Diller\u200d predicts that\u200b if\u200c no \u2064agreement is \u200breached \u2063by Christmas, \u2062there \u200dwill be \u2063a\u2064 severe \u200dshortage of streaming \u2063and cable \u200cprograms \u2064for audiences\u2062 to \u2062enjoy \u200bnext\u2062 year.\u2064 This, \u200cin\u2063 turn, would lead\u200b to canceled \u200cstreaming \u2064subscriptions \u2062and\u2062 reduced\u2062 revenue \u2064for\u2063 the \u2063entertainment industry.\u200b Without \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hollywood-could-face-absolute-collapse-if-strikes-continue-former-industry-executive-says\/\" title=\"Continued strikes could lead to Hollywood's 'total collapse', warns ex-exec.\">sufficient\u200c cash \u200bflow<\/a>, \u2064the industry\u200d would struggle\u2063 to revive \u200dthese\u200d programs.<\/p>\n<p>To expedite \u200ca \u2063resolution, \u2064Diller\u200c proposes \u200dthat \u200dstudio executives\u2062 and A-list actors \u2064each \u2062take \u2062a 25% \u200bpay\u200c cut.<\/p>\n<blockquote><p>\n\u200d  <\/p>\n<p>&#8220;You \u2064have the \u2064actors&#8217; union\u2064 saying, &#8216;How dare \u200cthese \u200b10 people \u2064who run these \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-inflation-soars-americans-real-wages-decline\/\" title=\"As Inflation Soars, Americans\u2019 Real Wages Decline\">companies earn<\/a> \u2064all this\u2064 money and won&#8217;t \u2062pay us?'&#8221;\u200b Diller explained. \u200d&#8221;While,\u200c if \u2063you look\u2063 at \u200cit\u2062 on\u200c the other side, \u200bthe top 10 \u2064actors get paid more than \u200cthe top \u206410 executives. \u200cI&#8217;m not\u2064 saying either is\u2063 right.\u2063 Actually, everybody&#8217;s\u2062 probably overpaid \u2064at\u200c the \u200btop end.<\/p>\n<p>\u200d  \u200c<br \/>\n\u2063  <\/p>\n<p>&#8220;The \u2062one \u2064idea\u200c I had\u2064 is\u2062 to say,\u2064 as a \u200dgood-faith \u200cmeasure, both the \u200dexecutives and \u200cthe\u2064 most-paid actors should take \u200da 25 \u2064percent\u2064 pay cut to \u200btry and narrow,\u2064 narrow \u200dthe\u2062 difference\u200b between \u200cthose\u200b who \u2064get \u200dhighly paid \u200band \u2064those \u2062that\u2062 don&#8217;t.&#8221;<\/p>\n<\/blockquote>\n<p>However, other\u2062 Hollywood experts share a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dick-morris-biden-approval-dropping-precipitously\/\" title=\"Dick Morris: Biden approval dropping \u2018precipitously\u2019\">pessimistic outlook<\/a>\u200d on the \u2064situation. \u200dJonathan \u2063Taplin, director \u2063emeritus of the University\u200c of \u2064Southern\u2063 California&#8217;s\u200b Annenberg Innovation Lab,\u200b warns\u2063 that\u200c there\u200d will\u2062 be &#8220;a\u200c lot \u2062of \u200cblood in the water&#8221; and\u200d believes that \u200b&#8221;this is\u2063 not going\u2064 to \u2062end\u200c well.&#8221;\u200d Veteran \u2064media\u200c analyst \u2064Michael \u200cNathanson \u2064also \u2062expresses\u2063 concern, stating that the \u2064industry&#8217;s economics\u200d are already challenging and a\u200d prolonged\u2064 strike\u2064 will \u200donly\u2064 exacerbate the\u2063 situation.<\/p>\n<p>It&#8217;s important to note \u200bthat\u2062 certain\u2062 union members represented by SAG-AFTRA, \u200bsuch\u2062 as \u200dnews anchors, \u200bsoap\u200b actors, \u2063and\u2064 game-show \u200chosts, are \u2062not\u2063 affected\u200d by\u2062 the strikes as \u200dthey operate \u2062under a\u200c different\u200d contract.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three days after SAG-AFTRA supported WGA, a former Hollywood exec cautioned that prolonged strikes could have &#8220;devastating effects&#8221; on film and TV. Barry Diller, IAC and Expedia Group chairman, and former Paramount Pictures CEO, outlined the potential consequences if the strikes continue without resolution.<\/p>\n","protected":false},"author":1,"featured_media":1975077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1975076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1975076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1975076"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1975076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1975077"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1975076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1975076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1975076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}