The daily business briefing: September 25, 2023

Hollywood writers reach deal that would end strike, Canadian autoworkers ratify a new contract with Ford, and more

WGA strikers reach deal
WGA strikers reach tentative deal
(Image credit: Mario Tama / Getty Images)

1. Hollywood writers reach tentative deal with studios to end strike

The Writers Guild of America declared victory on Sunday after reaching a tentative deal with the major Hollywood studios that would end a months-long strike. The proposed three-year contract, which must still be ratified by the union’s 11,500 members, would boost pay and residual checks for streaming shows and impose new rules about the use of artificial intelligence. WGA leaders said they were going through the contract details to ensure that "the last 'i' is dotted." The studios are expected to focus now on breaking an impasse to end a tandem strike by the actors union, SAG-AFTRA. The rare dual strikes forced studios to delay TV and movie productions, as well as major film releases because striking actors can't promote their films. Los Angeles Times

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.