Why are Hollywood actors on strike?
CBSN
Some 65,000 Hollywood actors have taken up picket signs as of last week, bringing productions to a halt as they fight for higher pay amid inflation and a rapidly evolving entertainment industry.
Performers say the annual pay they've come to rely on, which is based on residuals from movie and television appearances, has plummeted in the age of streaming, making it impossible for the vast majority of actors to earn a living. According to the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA), the studios — a group that includes Apple; Amazon; Netflix; NBCUniversal; Sony and Paramount, the parent company of CBS News — have refused to negotiate pay raises for performers and the sharing of streaming revenue.
"Most of my members don't even meet the threshold to get health insurance, which is $26,000 a year, and in most jobs that would be considered a part-time job," SAG-AFTRA President Fran Drescher told "CBS Mornings."
