Hollywood on Strike

the strike by Hollywood actors' union, SAG-AFTRA, over pay and concerns about the future of the industry. The key points are:

1. The strike is the first in 43 years and has brought the American movie and television business to a halt.
2. The strike is a result of failed negotiations with studios over a new contract, with streaming services and artificial intelligence at the center of the dispute.
3. Actors and screenwriters are striking together for the first time since 1960, with both unions seeking better pay and working conditions.
4. The rise of streaming and the lack of transparency in calculating residuals for streaming content are major concerns for the unions.
5. Studios are struggling with the true cost of streaming and the loss of revenue from traditional distribution models, while also trying to build and maintain their own streaming services.