![]() ![]() ![]() Michael Pachter, managing director of equity research at Wedbush, said he agreed with Drescher's sentiments, telling Yahoo Finance Live, "I think the studios are just completely wrong on this one. If we don’t stand tall right now, we’ll all be in jeopardy." The business model has been changed by streaming and AI. At some point the jig is up, you can’t keep being marginalized and disrespected. "We are the victims here, being victimized by a very greedy entity. "We had no choice," SAG-AFTRA President Fran Drescher said on Thursday following the strike announcement. These demands are similar to those posed by the writers guild. SAG-AFTRA is fighting for more protections surrounding the role of artificial intelligence in media and entertainment, in addition to higher streaming residuals as more movies and TV shows go direct to streaming. "Our experts emphasize that content is still king and if streamers want subscribers to keep coming back, they need to have a steady feed of new movies and shows being released on their platforms." However, streamers could be in trouble as soon as the velocity of content slows," he warned. "We’ve been hearing that most streaming companies won’t feel the pain from strikes until 2024 given the pipeline of content that has already been locked in. Third Bridge analyst Jamie Lumley, who interviewed a number of executives in the entertainment and streaming space, wrote that the two strikes come "amid the increasing pressure on traditional linear distribution models and the ongoing rise of streaming, which continues to change how content is consumed and monetized." ![]()
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