Summary Hollywood Should Share Profits. Here's How substack.com
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One Line
Substack readers have pledged $1.2 million to support writers, who have earned $8 million, while SAG-AFTRA demands better compensation and profit sharing, which is opposed by the AMPTP.
Slides
Slide Presentation (8 slides)
Key Points
- Substack introduced a feature called Pledges that allows readers to show support for writers by committing money, resulting in over $1.2 million in pledges and $8.5 million earned by writers.
- The need for a better media system based on a different model with different rules is highlighted, as opposed to another social media platform.
- Academics are turning to paid newsletters on Substack for scholarly connection, with a 100% increase in academic users in the last year.
- Hunter Harris shares her top Substack reads, offering a sampling of her favorite content on the platform.
- SAG-AFTRA is demanding higher-paying residuals, increased minimums, and profit sharing in negotiations with studios.
Summaries
32 word summary
Substack readers have pledged over $1.2 million to support writers, who have collectively earned $8 million. SAG-AFTRA is demanding higher-paying residuals, increased minimums, and profit sharing, but the AMPTP opposes these requests
75 word summary
In the past six months, Substack has introduced a feature called Pledges that allows readers to show their support for writers by committing over $1.2 million in pledges. Writers who have converted these pledges into paid subscriptions have collectively earned $8
SAG-AFTRA is demanding higher-paying residuals, increased minimums, and stronger protections against AI. The union wants profit sharing, which the AMPTP opposes. SAG's asks around residuals are likely to be rejected. The article will discuss