In 2024, Ampere Analysis forecasts global content spending will increase after a plateau in content investment growth in 2023. Last year, the WGA and SAG-AFTRA strike action led to a 2% decline relative to original expectations.
The conclusion of the WGA and SAG-AFTRA work actions on September 27 and November 9, respectively, came too late for production to pick up by year’s end, according to FilmLA.
The long-awaited clearing in the industry’s stormiest season in decades comes as a deal was reached to end what was, at nearly four months, the longest strike ever for film and television actors.
SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) will resume talks on Tuesday, in another effort to end the Hollywood actors’ strike, which began on July.