AMPTP continues to show disbelief that it needs to bargain in good faith.

There seems to be a fundamental misunderstanding of what it takes to have a viable labour market to serve their industry. What they have established is as close to a Ponzi scheme in employment as possible. And like all pyramid schemes, it becomes untenable when the last entrants realize they can’t get even a viable minimal return on what they put in.

Hollywood has been a very lightly regulated industry with many questionable practices and much anti-competitive behaviour. They’ve got themselves into the ‘enshittificaction’ stage of their industry, but unlike social media users, writers and actors had never intended their labour and content creation to be voluntary.

From a dispassionate academic lens, this will be a fascinating case study for future business students. From a human and social cohesion perspective, it’s appalling.