According to the WGA, the AMPTP’s $130 million looks a lot like $32 million

WGA negotiating committee chair John Bowman has sent members a report that examines the WGA and AMPTP proposals — and concludes that the AMPTP’s estimate of a $130 million increase over three years is actually worth $32 million.

Nonetheless, Bowman sounds an upbeat note.

“So while we don’t see how their proposal adds up to anywhere near $130 million, we greet their public willingness to make such an offer with real interest. If the AMPTP is serious about this figure, the WGA is confident we are closer to a deal than anyone has suggested, and we are hopeful that the companies will respond positively to our proposal, which is a serious, reasonable, and affordable attempt to bridge the gap between us.”

By contrast, the WGA says the cost of its proposal breaks down to $33 million in the first year, $50 million in the second year and $68 million in the third year — a 3.9% annual increase — with the top gains coming in Internet reuse ($88 million) and minimum increases ($29 million). And it notes that since 2000, entertainment segment revenue for employers has grown from $63 billion to $95 billion for an annual growth rate of 7%.

“If you factor in their regressive proposal on “promotional use” (streaming TV shows and feature films in their entirety for free), writers could potentially lose $100 million in income over the course of this contract,” the missive said. “So we call on the AMPTP to provide specifics on how this ‘New Economic Partnership’ would truly benefit writers.” 

Bowman’s message follows after the jump.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety