Watch Below: Fran Drescher Explains The 2023 Actors StrikeTwo separate strikes are currently affecting Hollywood and the broader film and media industry. The 2023 Writers Guild of America went on strike on May 2, 2023, over an ongoing labour dispute with the Alliance of Motion Picture and Television Producers. The strike is still ongoing and is the first official writers strike in 15 years.On July 13 the Screen Actors Guild-American Federation of Television and Radio Artists (Sag-Aftra) also announced that they were formally on strike, joining writers who had been striking for weeks. This marks the first time in 63 years that Hollywood writers and actors are striking simultaneously. This marks the first time in 63 years that Hollywood writers and actors are striking simultaneously.The Writers Guild of America are demanding higher wages and an overhaul of the residual payment process to reflect the modern age of streaming content. The advent of streaming has dramatically shifted how audiences consume entertainment and streaming platforms such as Netflix, Disney+ and Amazon Prime Video are generating more titles than ever before. This increase in market size has seen a collective decline in pay for writers during a time when the cost of living is increasing. Like the writers' strike, one of the main concerns of Hollywood's acting strike is the payment of residuals in the age of streaming and the union is demanding residuals to be partly based on viewership levels on streaming services.