The Writer’s Guild of America has approved the new contract offered by Hollywood studios concerning payment for televisions shows streamed over the Internet.
Of the 4,060 WGA voters, 93.6 percent agreed to the three year deal which allows the writers to get a flat fee of $1200 for programs aired on the Internet during the contract’s first two-years, and then two percent of the profit for the following year. The contract will last until May, 1 2011 where it will be up for renewal.
Although the contract met with a resounding acceptance among the WGA members, many had hoped for a better deal, but realize that for now, this is the best offer they will get.
The 100-day-long writer strike resulted in halted television production and an estimated two-and-a-half billion dollar hit to the LA economy. Many television programs are scheduled to resume by April.
