BREAKING: Hollywood writers have voted to hold a strike. Picketing is scheduled for Tuesday afternoon. What we know:
After failing to reach agreement with entertainment giants, unioned members of the Writer's Guild of America will go on a strike.Late Monday night, the union's leaders decided its members will start picketing Tuesday afternoon. The decision comes as negotiations between the unioned writers andPrior to Monday night's development, WGA members voted overwhelmingly earlier this month to authorize a strike if labor negotiations break down. According to the Writers Guild of America, 97.
"A strike authorization vote has always been part of the WGA's plan, announced before the parties even exchanged proposals," according to the AMPTP prior to Monday's announcement. "Its inevitable ratification should come as no surprise to anyone. Our goal is, and continues to be, to reach a fair and reasonable agreement.
Various estimates from different organizations estimated that the 100-day strike cost the local economy between $2 billion and $3 billion.
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