David Zaslav Says Studios Overpaid To End WGA Strike; Scribes Deal Valued At $700M
15.11.2023 - 21:23
/ deadline.com
David Zaslav has a funny way of making friends.
In a week where the Warner Bros Discovery CEO once again alienated almost everyone with the cutting of the completed Coyote vs Acme for a tax write down, Zaslav now is praising the Writers Guild of America, his foe for several months this year.
“They are right about almost everything,” the exec told the New York Times about the scribes and the deal they made with the studios after five bitter months that shut Hollywood down. “So what if we overpay? I’ve never regretted overpaying for great talent or a great asset,” Zaslav added in what seems like a 180 and more from where he, the AMPTP and others in the CEO Gang of Four were back in the spring.
Going through their own corporate contractions, overpaid is probably not the label Zas’ fellow Gang of Four were hoping to be tattooed with today
With Zaslav, Netflix’s Ted Sarandos, Disney’s Bob Iger, and NBCUniversal’s Donna Langley stepping in personally for the final push, the AMPTP and the WGA reached a tentative agreement at sunset on September 24. With the strike officially ending a few days later after 148 days, the scribes digitally hit the ballot box to almost 100% to approve the deal in a ratification vote that concluded on October 9.
Making big gains in AI guardrails, residuals, staffing levels and employment duration, data transparency, and health and pension contributions, the value of the WGA deal was estimated by the Guild at about $700 million over three years. While not the more-than $1 billion the SAG-AFTRA agreement is said to be worth for the much larger Guild (160,000 members to the WGA’s 12,000), it is a very long way from Iger’s Marie Antoinette remarks of July that the striking writers and about-to-strike