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Producers Take Residual Pay Changes Off the Table

Heading into Day 11 of talks, the Writers Guild of America got a surprise when AMPTP withdrew their proposed change in the payout of residuals. The original proposal would have changed the formulas for paying residuals so writers would only receive payments after producers recouped basic costs, which the WGA has opposed from the beginning. The AMPTP is now calling for the WGA to resign one or more of its proposals.

The present contract expires October 31st. Steve Young has a sort of obvious, sort of funny Blowback feature about the strike on LAT.com

Mediabistro Event

Explore the Future of Virtual Currency

Inside BitcoinsDiscover why countless investors and businessmen, including the Winklevoss twins, are becoming big supporters of virtual currencies at Inside Bitcoins on July 30 in New York. You’ll hear from speakers like Charlie Shrem, Vice Chairman at Bitcoin Foundation, who runs one of the largest alternative payment companies. Every paid registrant will receive a Bitcoin paper wallet with 0.01 Bitcoin. Register before Thursday and save.