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Hollywood Studios Reach New Labor Agreement, Avoiding Strike (1)

Oct. 17, 2021, 1:33 AM

Hollywood studios reached a new labor agreement with one of the industry’s most powerful unions, settling differences over work conditions and pay and averting a potentially disastrous halt to film and TV production across the country.

A strike would have roiled an industry that’s still reeling from Covid-related closures and health restrictions. Netflix Inc. and Walt Disney Co. have attributed weaker-than-expected growth in online subscriptions to the challenges of getting new programming.

“We went toe to toe with some of the richest and most powerful entertainment and tech companies in the world, and we have now reached an agreement,” Matthew ...