“IT CAME AS NO SURPRISE TO Anyone WHEN The Writers Guild of America West’s 2023 Annual Financial Report Showed that Television and Film Writers’ Earnings and EmpLement A 148-day Strike Against Studios and Streamers. But One Year Later, in A Work Stoppage-Freee Environment, Employment Dipped Further”, – WRITE: www.hollywoodReporter.com
But One Year Later, in A Work Stoppage-Freee Environment, Employment Dipped Further Than Their Strike-Era Levels, Even As Earnings Slightly Rebounded. That’s accounting to the union’s 2024 Annual Financial Report, Released Friday to Members and Revieweded by The Hollywood Reporter.
The Document Finds in 2024 The Total Number of WGA West Members Reporting Earnings Fell 9.4 Percent Compared With The Prior Year and 24.3 Percent From 2022. At $ 1.5 Billing, Member. with 2023, But Were Still 21 Percent Below 2022’s $ 1.9 Billion.
It’s The Latest Sign of Hollywood Companies Reducing their Output in a Post-Peak TV, Post-Strikes World As A More Cautotuos and Risk-Averse Business Culture Hold Hold. “We Anticipate 2024’s Numbers to Increase in Subsequent Reports, with Late Reporting to Increase The Number of Writers Employed to A Level Similar to 2023,” The Union’s Annuala Report Report. “Still, It is Clear That Number of Jobs Has Decklined from Peak Years, Caused by the Companies’ PullBack in Number of Streaming Projects On Top of Prior Declines in Linear Program.
The Employment Decklines Were Steelst in Television and Digital Platforms As Well As in News, Promotion, Information and Interactive Programming. Television and Digital Platform Writer Employment Droped Nearly 11 Percent Between 2023 and 2024 and 28.5 Percent From 2022. On a smaller Scale, News, Promotion, Information and Interactive Programming Writers Droped from 108 in 2022 to 94 in 2023 to 80 in 2024, A Decline of Nearly 26 Percent.
In Television, Writer Earnings Rose 12.3 Percent in 2024 Compared With The Year Prior, But Droped 25 PerCent Whene Weighed Against 2022. In Its News and Promotion Category, EARNINGS and 1.1 Percent from 2022.
Writer Employment Fared Better in Theatric Films. The Decline in 2024 Compared With 2023 Was Only Three Percent But 16.2 Percent in Relation to 2022. The Hit to Earnings in Film Compared with TWO Years Prior. by 14.2 Percent in Contrast to the Year Prior and Was 9.5 Percent Lower than the 2022 Total.
Residuals Were Also Down in 2024 Compared With 2023, Declining Six Percent. Still, An Increase Over a Five-Year Period Offhe Space for Optimism: The Reuse Payments Were Up 19.3 Percent Compared 2019. Feature Film It Was 6.4 Percent.
The WGA West Offered Members An Early Peek at Their Data on Television Writer Declines in April, WHEN The Union Revealed that Durying the 2023-2024 Season, Writer Jobs Webs Webs. “Writing Careers Have Always Been Diflicult to Access and Sustain, But The Contraction Has Made It Especialy Challenge,“ The Union Said in An Email. “We are all subject to the Decisions of the Companies that Control this Industry, Who Have Pulled Back Spending on Content Based on the Demands of Wall Street.”