What to know
Hollywood is heading towards a salary war… As recently as the early 2000s, there was lots of money to be made from a successful TV show or movie for many of the creatives involved. As the industry has shifted to streaming, generous deals and big paydays on the backend are becoming less frequent — yet the content demands are skyrocketing. According to an eye-opening new report in Variety, this is causing a lot of tension in town between the creatives and the corporate overlords, and it all might blow up next year when numerous unions renegotiate their contracts. A reckoning is coming and it is due.😱
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