Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Hollywood stars stand by actors not 'swimming in money'

Published 06/29/2023, 09:27 AM
Updated 06/29/2023, 12:52 PM
© Reuters. FILE PHOTO: The iconic Hollywood sign is shown on a hillside above a neighborhood in Los Angeles California, U.S., February 1, 2019. REUTERS/Mike Blake/File Photo
AMZN
-
NFLX
-

By Danielle Broadway

LOS ANGELES (Reuters) - Laz Alonso recalled his days as an aspiring actor trying to break into the industry with the preconceived notion that all actors were rich.

"It's very easy to think all the Hollywood stars or anybody in Hollywood is rich and swimming in money in a swimming pool. That's just not the case," Alonso said as he marched in solidarity with the striking Writer's Guild of America (WGA) during a picket outside the Amazon (NASDAQ:AMZN) Studios lot.

While Alonso is now well-known for his role as Mother's Milk on the Prime Video show "The Boys," he began his career with many smaller roles on lower budget projects.

"It's a very blue-collar industry. It takes a very, very long time for most people to be considered working consistently," he said.

Hollywood's actors union voted to authorize a strike in early June, and if contract talks fail between chief negotiators and studios by the Friday contract deadline, they will join the WGA on the picket lines to demand new contracts from film and television studios.

The SAG-AFTRA actors union said 97.91% of ballots cast supported strike authorization. Nearly 65,000 members, or about 48% of those eligible, voted on the measure.

One of the biggest changes that both actors and writers are advocating for is increased base compensation in a television world in which streaming has shortened series and reduced employment, endangering their financial health.

Ahead of the Friday deadline, over 700 SAG members, including industry power players like Meryl Streep, Jennifer Lawrence and Glenn Close signed a letter this week to the leadership of SAG-AFTRA.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"If you are not able to get all the way there, we ask that you use the power given to you by us, the membership, and join the WGA on the picket lines," the letter reads.

"For our union and its future, this is our moment."

'MIDDLE CLASS' INDUSTRY

The letter came after SAG-AFTRA leadership said over the weekend that contract talks with the studios had been "extremely productive," a possible sign that a deal was within reach. The union and studios had agreed to a media blackout during talks.

But the solidarity from high-wattage talent could be a boost for actors struggling to land enough gigs to make ends meet.

Jackie Tohn, known for her role as Melanie "MelRose" Rosen on the Netflix (NASDAQ:NFLX) series "GLOW," said people outside of the industry need to understand the reality that most actors do not get paid for about 98% of the work they put into their careers.

"We go on auditions all the time, and as an actor, when I get paid is for when I get a job," Tohn said. "But most of the time, I don't get a job.”

Tohn said that when she finally does get paid after getting a new role, the money immediately goes toward bills and essential living expenses like gas, her mortgage and groceries.

Tohn believes only the highest echelon of actors are working all the time.

Eric Kripke, creator of "Supernatural" on The CW and showrunner for "The Boys," said there is a very small percentage of people who make "ridiculous money."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"The vast majority of the entertainment industry is middle class," he said. "With the exception of a handful of actors, every actor I know, needs to get jobs to cover their rent and take care of their families."

At the "Indiana Jones and the Dial of Destiny" premiere in London, Harrison Ford told Reuters he is ready to support his fellow SAG members if a strike is authorized.

"I believe in unions. I believe in labor. I believe in representation, all of those things. If my union votes to go out, I'll go out," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.