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Writers' Strike Over?

February 8th 2008 02:47
I'm holding back my celebrating until I hear more, but here's something that looks promising. I've been wondering if they were getting closer to coming to an agreement ever since I got my e-mail from Variety that a big change was coming Feb. 8...hmmm...?

From CNBC:

A deal has been struck between the major media companies and the Writers Guild of America to end the writers' strike, former Walt Disney
chief executive Michael Eisner revealed on CNBC.

"It's over," Eisner said. "They made the deal, they shook hands on the deal. It's going on Saturday to the writers in general."


Eisner, speaking live on CNBC's "Fast Money," seemed to hesitate initially about whether it was possible that the writers could still reject the agreement, but finally suggested the deal's acceptance was inevitable.

"A deal has been made, and they'll be back to work very soon," Eisner said, adding, "I know a deal's been made. I know it's over."

Eisner did not elaborate on terms of the agreement. He said he expects most of the media companies affected by the strike to have "small" write-downs as a result of the deal. Eisner said the deal was struck last Friday.

As a result of studio cutbacks, however, many of the writers who went on strike are unlikely to return to the same big-money contracts they'd had as individuals with the studios, Eisner said.
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2 Comments. [ Add A Comment ]

Comment by Spennies

February 8th 2008 04:25
Wow that last line from Eisner goes unsaid but you I really feel that, that was a dig. Which means to me, writers won't won't make as much upfront and will make more if their project becomes a success.

I first wrote on this issue Nov 22nd, I never thought it'd last this long though.

Comment by Meggie

February 8th 2008 04:50
No kidding! Doesn't exactly sound like the writers are getting much of the good end of the deal. Kind of disheartening for new and hopeful writers too...

I never thought the strike would last this long either.

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