Hollywood Strikes: Residuals, Directors, Businessmen, and VFX Artists in Turmoil

Hollywood actors and writers are currently on strike over residuals, which are long-term payments negotiated by unions for reruns and other airings of films and TV shows. Residuals have significantly diminished as the industry has shifted to streaming, leaving actors and writers with much smaller payments compared to traditional broadcast or cable television. The lack of steady income from residuals can impact performers' livelihoods and even result in the loss of union health insurance. The negotiations between the unions and studios have focused on actors' participation in streaming revenue, but little progress has been made so far.