What’s it all about and why do rich people want more money?
As you have probably heard there is Writer’s strike going on in the US. Because of the internet, the rresidual payments that writers (as well as actors) get need to re-addressed. The 2 sides didn’t come to an agreement in time and so now writers of your favorite shows have walked off their sets.
The video below is a great summary of what this is all about and why, unless its settled, you won’t see any new episodes of Heroes, Prison Break, Lost, Desperate Housewives and more after December, and as of this week no new episodes of shows like David Letterman and Conan O’Brien:
The last time writer’s were on strike, it lasted 5 months:
In fact, the 1988 strike already offers clues about what we might expect this time around. Back then, newsmagazines like “48 Hours” caught on while scripted shows went dark. Some series, most notably “Moonlighting,” never recovered from the disruption. And some folks made a valiant attempt to carry on: The host of NBC’s “Late Night With David Letterman” gamely tried to write his own “Top 10 List” for a while.
But the past may not be a reliable guide this time around. The TV business bears little resemblance to its old self of 1988. At that time, networks and studios couldn’t be owned by the same company. Broadcasters still had a commanding lead over cable. And beyond future Nobel laureate Al Gore, few people had even heard of the Internet — which, by the way, first opened to commercial interests that year. No one was using iPods or DVDs or DVRs. “There’s much more competition for the audience’s attention than there was 20 years ago,” said Tim Spengler of New York ad firm Initiative.
We don’t think Hong Kong’s entertainment industry is even unionized at all in any segment. So will this create new waves here?