With the writers strike into its second month and a potential actors strike looming, somebody goes to need to discover a center floor. And on Tuesday, the top of CBS George Cheeks outlined a method wherein the writers and the studios may nonetheless discover a compromise.
It has one thing to do with windowing and the licensing content material. Streaming residuals has been one of many WGA’s key sticking factors in negotiations with the AMPTP, specifically as a result of there aren’t sufficient of them. But when streamers began rethinking hoarding all their content material solely and as a substitute had been open to windowing or licensing their reveals and films to different shops, whether or not that’s placing them again on cable or broadcast, on different streamers, or on FAST (free ad-supported streaming tv) companies, all of the sudden there’s new alternatives to pay out residuals.
Cheeks stated on Tuesday on the Banff World Media Competition in Alberta, Canada that they’re open to doing simply that, together with probably placing Paramount+ reveals onto linear to assist broaden their viewers.
“The one constructive there’s that I truly suppose that may assist us with our artistic companions as a result of one of many massive points they complain about is streaming residuals,” Cheeks stated on Tuesday (by way of Variety). “However I believe the extra that we’re not locking the reveals on one platform, [the more we] truly license out extra income to the studios and get extra residuals for our companions.”
Seems this old school thought of licensing is changing into all the fad. Amazon announced they’d do it with a handful of their reveals and films. Disney reportedly is exploring doing the identical. And Warner Bros. Discovery after transferring lots of its reveals off Max plans to relocate them to its own FAST channel.
However as Cheeks stated Tuesday, the explanation it’s taking place is as a result of the equation for how to impress Wall Street with streaming is altering.
“A year-plus in the past, it was ‘determine your streaming out, construct your [subscriber acquisition] at any price, earnings be damned.’ That was form of the mandate. After which rapidly it grew to become the other,” he stated. “Now it’s ‘how briskly are you able to get to profitability?’ And in case you are worthwhile already, how do you improve that profitability? It’s forcing all of us take a step again and actually rationalize our contents spends and forcing streamers to ask is it actually a sacrosanct view that we’ve to have the whole lot on the platform solely.”
Because the writers have made clear, fixing streaming residuals isn’t the only issue that may get the guild to finish this strike, nevertheless it’s an enormous one, and one which the directors have already made some progress on in their very own negotiations. And by way of what which means for a way CBS plans transferring ahead into the autumn, Cheeks remains to be “hopeful that we are going to all discover compromises.”
“The DGA deal tentative settlement was useful; let’s see what occurs with SAG,” Cheeks stated. “I’d simply say that, versus broadcast the place that sequence mannequin is tight and works very properly for our artistic companions, I do suppose the way in which that the streaming sequence mannequin is advanced poses critical challenges for artistic companions that we’ve to determine.”
Elsewhere within the convention, Cheeks revealed that “The Late Present With Stephen Colbert” was prolonged for one more three years, and he additionally confirmed that taking the place of “The Late Late Present with James Corden” will now be “@Midnight,” as was beforehand reported however by no means confirmed. The outdated Comedy Central recreation present/selection present featured comedians riffing and reacting to web memes and viral movies in a sequence of various mini video games. The present was hosted by Chris Hardwick and ran nightly for 4 seasons. The one motive it hasn’t been made formal till now although is that Cheeks stated the writers strike prevented CBS from locking down a showrunner and head author, however that may occur as soon as the writers strike is over.
