A stroke of good luck for Louisiana taxpayers, the strike by writers and actors of motion picture and television productions can be leveraged even more for the state’s citizens to avoid the bad consequences of its poorly-conceived Motion Picture Investors Tax Credit.
First writers, then actors began the strike starting over three months ago. This brought largely to a halt an already slowing production of movies and series, whether shown in theaters, on broadcast television, cable television, streaming over the Internet, or in podcast form, although some films in progress actor members have been allowed to complete. Anticipation of a strike as early as late last year had prompted ratcheting down production, so as not to have things interrupted if a strike occurred. To work with a network or major studio (which comprise most of the business; for example, the top ten studios in movie box office receipts for last year collected seven-eighths of all revenues), writers and actors must be a member of their respective unions.
The main issue in both cases is revenue-sharing. The rapid growth in streaming particularly has exposed that prior compensation models didn’t account for this, leading members to demand a greater share of the pie from that. Both also want more control over the use of artificial intelligence in story writing and actor likenesses. Writers additionally want retainer pay for stretches that they don’t work.