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Writers Guild strike talks stick on digital revenue
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FROM VARIETY: Sides still far apart on new media earnings
By Ben Fritz and Michael Learmonth of Variety -- Video Business, 10/15/2007
OCT. 15 | FROM VARIETY: For the past couple of years, Hollywood has been intensely hyping its digital dealmaking, both to the press and to Wall Street.Hardly a day goes by without an announcement trumpeting deals for downloads on gadgets ranging from iPods to Xboxes or for streaming content on seemingly every website.
But all that hype is biting back at the bargaining table.
Accounting for digital revenue has emerged as a major sticking point during the three months of contract negotiations between companies and the Writers Guild of America. The guild has seized on Hollywood's bullishness over digital deals to hammer home its dual points: Digital media revenue will be a major driver of revenue growth at the media congloms, and writers deserve a slice.
Read the full story at Variety.com.