Hollywood is facing a mass-work stoppage as both writers and actors are going on strikes – negotiating with the studios/companies for a better pay as the direct implementation of Artificial Intelligence in their line of work is affecting their compensation.
AI is posing a massive threat to their given passion and artistic process.
The TV, music and film sectors all combined reported a job loss of great numbers –17,000 in the month of August. The United States Bureau of Labor Stats. informed that this amount of job losses reflects the strike activity.
These strikes are also affecting the other sectors like real estate and hospitality, and have cost the overall economy an amount of nearly $3Bn till now.
Just the previous month, the union of Workers Guild Association had received a novel proposal from the “Alliance of Motion Picture and Television Producers” which represents the different bodies like Disney, Amazon and Netflix to resume their contracts.
I hope you found the given information useful. Definitely let me know in the comments, your thoughts on this matter.
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