The Writers Guild of America has been on strike for three weeks now.

According to Deadline, the Screen and Television Writers Guild’s negotiating committee sent a letter to its members titled “The Cost of the Settlement.”

The letter asserts that studios will face production disruptions in the coming weeks and months, and points out how much the strike is costing the film and television industries.

The union estimates that its proposals will cost the industry $429 million a year, of which about $343 million will go to the top eight employers.

“These companies have made billions in profits from the work of screenwriters and are educating their investors on the importance of scripted content on a quarterly basis,” says the letter, signed by David Goodman, Chris Keizer, Ellen Stutzman and others.

The letter was sent the day after WGA East Coast Vice President Lisa Takeuchi Cullen incorrectly stated in a message to union members: “Based on previous estimates, the strike could cost approximately $30 million a day due to producers being aborted in the studios. .

There is a big gap between writers and studios.

However, reports refute this claim and say the strike is actually costing the California economy $30 million a day, not the studios.

Every three years, the East and West Coast Writers Guild chapters, representing 11,500 television and film writers, sign a new contract with major Hollywood studios.

There is a big gap between the conditions that the writers set and what the studios are ready to offer. The Hollywood companies said their proposal included “a significant increase in writers’ fees.” The Writers Guild accuses the studios of maintaining an “inflexible stance” in the negotiations and “breach of commitment to prevent further devaluation of the screenwriting profession.”

The writers are demanding higher pay and a sort of copyright for reruns and other screenings, which they say are an important source of income for Union members affected by streaming services.

^{Source: APE-MEB}