Hollywood isn’t out of the woods yet. “Peak TV” is officially over. IATSE might go on strike, tying up even more productions and cash-strapped studios are greenlighting fewer movies and TV series going forward.
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Hollywood is facing a critical juncture as the International Alliance of Theatrical Stage Employees (IATSE) threatens to strike, marking potentially the largest work stoppage in over a decade. The dispute centers around demands for safer working hours, livable wages for the lowest-paid crafts, reasonable rest periods, and equitable pay for “new media” streaming projects. The looming strike could halt domestic production across the board, affecting everything from TV shows to movies. This situation, compounded by studios greenlighting fewer projects due to financial strains, signifies a challenging period ahead for the entertainment industry.
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