Director Christopher Nolan blames streaming services for 2023's Hollywood strikes, saying studios are struggling because of their mismanagement.
Summary SCREENRANT VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT Director Christopher Nolan has blamed streaming for the 2023 writers and actors strikes in Hollywood, saying business mismanagement related to the services have caused issues in the industry. This year, both the WGA and SAG-AFTRA went on strike against major studios, with one core demand for both parties being residual payments from streaming services.
Speaking with Variety, Nolan called out studios for mismanaging their businesses, citing streaming services as a major issue in the recent Hollywood strikes. The director said the reason studios don't have money to pay actors and writers is because putting content onto streaming platforms doesn't make them as much money. Check out what Nolan had to say below:
Part of the craziness with the labor negotiations this summer has been the studios sitting there and going, ‘Well, we can’t pay you because we don’t have enough money.' To which the answer is ‘Well, you don’t have enough money because you’re not managing your business correctly. You’re not getting the same amount of money for your product that you were before.’ The shift to streaming has disrupted the entire industry and created problems for everybody.
Is Nolan Right About Streaming Services? Following the WGA coming to an agreement with studios, Netflix and Apple TV+ announced price increases to their services, just as Disney+ and Hulu implemented $3 per month price hikes of their own. While the increase of streaming prices in 2023 hasn't been directly attributed to streaming residuals, higher prices would balance out any losses a company faces having to pay talent more money.
Christopher Nolan's perspective makes sense despite the many benefits of being able to watch movies and TV without having to pay for them individually. The continuous increase of streaming prices - especially to ensure writers and actors are fairly compensated - could have a negative impact on the industry going forward. If studios still want to prioritize streaming, they may need creative solutions to ensure they can make a profit without losing subscribers from increasing costs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guardians’ Stephen Vogt on collision course with managing 101: Paul HoynesGuardians feel they've hired the right manager even if he's never managed before.
Read more »
Why Aaron Boone thinks Carlos Mendoza is 'so ready' for Mets managing chanceAaron Boone gave Carlos Mendoza plenty of opportunities over the last four years to manage the Yankees in games he got ejected — 24 to be exact.
Read more »
Oppenheimer Cast and Character Guide: Who Stars in Christopher Nolan’s FilmFrom Cillian Murphy and Florence Pugh to RDJ and Matt Damon. Find out who stars in the massive cast of Christopher Nolan's latest film, Oppenheimer.
Read more »
Milwaukee grapples with the reality of Craig Counsell managing the CubsThe first sign of discontent regarding Craig Counsell’s decision to leave the Milwaukee Brewers to manage the Chicago Cubs appeared in his hometown at the Little League field that bears his name. The word “ass” was spray-painted across Counsell’s name on the sign outside the ballpark at a Milwaukee suburb where Counsell grew up and still lives.
Read more »
Christopher Nolan Talks 'Oppenheimer' Success, Warner Bros. Feud, And What's Next'Oppenheimer' director Christopher Nolan is stunned by the grosses, as well as the Oscar buzz, that the film is generating.
Read more »
Brewers, fan base grapple with reality of Craig Counsell managing the CubsBrewers owner Mark Attanasio and Milwaukee fans are coming to grips over losing manager Craig Counsell to the division-rival Cubs.
Read more »