Historic Contract for Writers in Streaming

The chapter discusses a historic contract in the entertainment industry, particularly for writers in the streaming sector. It highlights the significant price increases in the new contract, which aims to address the issue of low earnings for writers in streaming. The contract also includes strong guardrails to prevent exploitation and anticipates a 26% increase in revenue for writers of streaming films with a budget of 30 million or more. It is seen as a positive development for writers and is expected to have an impact on similar negotiations in other entertainment guilds.