“I do think these deals are going to be fewer and farther apart because there’s a lot of belt-tightening right now,” said Susanne Daniels, YouTube’s former global head of original content. thewendylee
Why many members of the Writers Guild of America have targeted streaming giant Netflix in their fight for higher streaming residuals.as the Writers Guild of America pushes to increase the amount of money scribes make from streaming.
Insiders expect studios to use the strike to trigger force majeure clauses that allow them to exit deals. However, companies may have reasons to be careful when using that cost-cutting tool, said Elsa Ramo, managing partner at Ramo Law PC. “There may be political reasons or messaging reasons or relationship reasons that could temper a very cutthroat business decision that you’re contractually allowed to do,” Ramo said. “I think those conversations are happening right now.”Led by Netflix’s pacts with Shonda Rhimes and Ryan Murphy, streamers have lured TV titans with eye-popping deals. The results have been mixed at best.
The pullback is especially acute in the podcasting industry, where some companies have struggled to make money despite the rapid growth in the number of shows produced. Spotify Chief Executive Daniel Ek said during an April earnings call that the company wants to avoid “overpaying” for exclusive talent in podcast deals. The company has
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