Studios, Strikers and a Tense Game of Chicken
The train wreck if the shutdown goes into 2024 as threatened
As the strikes roll on, the ante was upped this week as WGA chief negotiator, Chris Keyser, accused the studios of being in a ‘mutual suicide pact’, and one Wall Street analyst called the CEOs “idiots” for not settling with the unions. Even with the work stoppage allowing studios to clean up their balance sheets, the existential crises of what these businesses are — with many divisions in decline — remain. Today, Sean McNulty, Elaine Low and Ankler contributing editor Claire Atkinson discuss the “game of chicken” being played between both sides and the dire outcomes if the threat of strikes into 2024 becomes reality. Also: Richard Rushfield on Barbenehimer lessons.