WGA West Financial Report Sees Employment, Profits Decline, Residual Earnings Rise for TV, Decline for Feature Films – Knowligent
WGA West Financial Report Sees Employment, Profits Decline, Residual Earnings Rise for TV, Decline for Feature Films

WGA West Financial Report Sees Employment, Profits Decline, Residual Earnings Rise for TV, Decline for Feature Films

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Summary by Deadline • CNBC Television on Youtube • Published 5 months ago

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Why the WGA Strike Helps Studios Fight Financial Strain

The Writers Guild of America West's annual financial report for the fiscal year ended March 31, 2024, shows the impact of the 2023 strikes.

The 2023 calendar year employment and income figures for writers showed that writers across all disciplines reported declines in employment and income.

A total of 5,501 writers reported employment across all fields in 2023, a 19.5% decline from 2022. Total writer earnings reported for contribution purposes declined 31.8% to $1.29 billion.