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.
FilmLA’s new report reveals the full effect of the WGA and SAG-AFTRA work actions on summer film and television production in Los Angeles, which declined in the third quarter.
Just days after the studios reached a tentative deal with the WGA, SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) will meet again for bargaining on Monday, October 2.