Friday, November 2nd, 2007

Cynopsis


11/02/07

Good afternoon. It’s still Friday, November 2, 2007 and here is your WGA strike update …

It’s official.  At a press conference held just minutes ago, WGA announced it would go on strike as of Monday, November 5th. 

The press conference was conducted by WGA West head Patric Verrone, WGA East’s Michael Winship and the WGA negotiating committee chair John Bowman.

As mentioned this morning, the first shows effected by the strike – late night talkers which depend on writers for their day and date opening monologues.  Those shows will likely go into repeats as soon as the strikers begin picketing.  The majority of the scripted TV series would begin to see the effects of a strike in 1st and 2nd qtr 2008.

The biggest issue facing the two sides of this debate right now are the DVD and new media residuals.  Currently the formula is based on the home video formula created years ago when VHS and the sale of home video movies were first introduced. That formula provides that the first 80% of the revenue from sale of VHS tapes (and now DVDs) goes to the cost of manufacturing and distribution, and of the remaining 20%, writers are awarded just 1.2%, or about 3 cents on every $20 VHS or DVD.  The WGA is now asking for their percentage to be based on 40% of the sale, and the same formula should be applied to all new media.

Later  — Cyn
11.02.07

Cynopsis Ad Sales: 
Mark Bohn- 203- 583-1224 /

Classifieds – Trish Pihonak- 203-926-9878 /

Cynopsis website – Video Resumes, Extended Classified Ads, Archives, and the Cynopsis Daily Video

CableU – Know Networks Better. Pitch Smarter. Click here

Related Topics: Cynopsis

Related Stories

Cynopsis 7/24/2026: Peacock Cracks the Streaming Code

   Friday, July 24, 2026 TGIF, and what a week it was for the streaming business — where fortunes were made, lost, and occasionally reversed. Peacock is profitable — powered by the World Cup, NBA Playoffs, and attractive people standing around a villa arguing.  The World Cup helped TelevisaUnivision prove sports rights aren’t just […]

Cynopsis 7/23/26: Warner Bros. Discovery’s Foray into Shoppable Pause Ads

    /* ===== CLIENT RESETS ===== */ body, #bodyTable { margin: 0 !important; padding: 0 !important; width: 100% !important; } body { font-family: ‘Roboto’, Arial, sans-serif; font-size: 15px; color: #333333; line-height: 24px; } p { font-family: ‘Roboto’, Arial, sans-serif; font-size: 15px; color: #333333; line-height: 24px; } ul { font-family: ‘Roboto’, Arial, sans-serif; font-size: 15px; […]

Cynopsis 7/22/2026: The Sharks Are Circling, and So Are the Brands

Wednesday, July 22, 2026 Happy Wednesday!  We hope your second peek at the refreshed Cynopsis hit the mark. A new design, the same curated coverage aimed at getting your day off to an informed start.  In today’s issue: Disney’s Year of Restructuring Rolls On Shark Week: Which Brands Took the Bait? 39 Years Later, Detroit’s […]

Cynopsis: 7/21/2026: Paramount-Warner Bros. Discovery Merger Hit With Restraining Order; The Final Whistle Has Blown — but the World Cup Is Still Making Noise

Tuesday, July 21, 2026 Good morning, readers! Welcome to Streamlined, the essential read for television business professionals. Streamlined comes to your inbox every Tuesday and Thursday. We hope you like what you see. In today’s issue: Q&A with the Chief Content Officer at AMC Global Media Paramount-Warner Bros. Discovery Merger Hit With Restraining Order The […]

CynCity

Cynsiders

Instagram