The Hollywood writers’ strike could give studios and streamers an opportunity to slash costs by exiting undesirable talent contracts if the work stoppage drags on for an extended period, some executives say
Industry executives point to clauses that let parties sidestep contractual obligations in extraordinary circumstances
The union representing movie and television writers went on strike after union’s talks with major networks, streamers and studios ended without a deal. WSJ’s Joe Flint explains what’s at stake. Photo: Aude Guerrucci/ReutersThe Hollywood writers’ strike could give studios and streamers an opportunity to slash costs by exiting undesirable talent contracts if the work stoppage drags on for an extended period, some entertainment executives said.
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