If Not Now, When?
Wil Wheaton, writing on his blog, presents his point-of-view regarding the SAG-AFTRA and WGA strikes.
To give some sense of what is at stake: There are actors who star in massively successful, profitable, critically acclaimed shows that are all on streaming services. You see them all the time. They are famous, A-list celebrities. Nearly all of those actors don’t earn enough to qualify for health insurance, because the studios forced them to accept a buyout for all their residuals (a decade of reuse, at the least) that is less than I earned for one week on TNG. And I was the lowest paid cast member in 1988. They want to do this while studio profits and CEO compensation are at historic highs. Nearly 9 in 10 SAG-AFTRA members does not earn the $26,470 required to qualify for health insurance. Meanwhile, studio executives are pocketing tens of millions of dollars of bonuses and compensation. Each. (CNN: “When Iger rejoined Disney as CEO in November 2022, he agreed to an annual base salary of $1 million with a potential annual bonus of $2 million. The agreement also includes stock awards from Disney totaling $25 million [and] Netflix’s co-CEOs Ted Sarandos and Greg Peters made $50 million and $28 million, respectively, in 2022, according to a company filing.”)
Those billionaire CEOs complain that what we are asking for is unrealistic and unsustainable. They say we — we — are destroying the industry that was so profitable and successful for a century before they arrived.
I realize they want to remodel their third vacation home so they don’t embarrass any of the guests they take there on their yacht. My heart just aches for them as they struggle to keep up with a changing business model. Here’s the thing: if the current business model of the industry only functions when labor allows itself to be exploited so that executives make thousands of times their salaries, that business model should be destroyed.
I expect this strike will go on for a good long while.