Hollywood Talent Feeling The Weight Of Industry's Woes
from the feeling-the-burden dept
One of the recurring themes we've seen, when looking at the movie business, is that the huge contracts offered to Hollywood stars aren't worth it because very few of them are popular enough to consistently have a strong effect on a movie's receipts. So as the industry faces challenges on many fronts, greater tension is emerging between studios and talent. Not only are the salaries of stars taking a squeeze, but other creative positions, such as writers, have seen hostile negotiations. This is a difficult line for the studios to walk. On the one hand, they know they have to cut salaries, but without good talent, they won't have much of a product to sell. And writers who had formerly been well-paid won't be happy about taking a pay cut. Of course, the actors and writers aren't in the best position to negotiate. There are plenty of people who'd be glad to take their jobs for far less than the current going rate (and don't forget the added dimension of dealing with the powerful writers' and actors' guilds, that have their own weight to throw around). There's probably not an easy solution; these are longstanding problems that the studios were insulated from because their huge profits let them avoid examining inefficiencies with their model. However, since it is a difficult problem, there should be good rewards to companies that can figure things out.