Last-Ditch Talks Continue In Hollywood
Sunday, November 4th 2007, 7:55 pm
News On 6
LOS ANGELES (AP) -- Hollywood writers and studio representatives are holding last-ditch negotiations in an effort to prevent a strike.
A federal mediator called the meeting between the Writers Guild of America and the Alliance of Motion Picture and Television Producers at an undisclosed location.
The writers' contract expired October 31st. They plan to strike at 12:01 a.m. Pacific time Monday if a deal cannot be reached.
The writers want more money from the sale of DVDs and a share of revenue generated by the sale of TV shows and films over the Internet. The studios say the demands are unreasonable and would hamper attempts to experiment with new media.
The last time writers went on strike was in 1988. The walkout lasted 22 weeks and cost the industry about $500 million.