Tuesday, September 17, 2024
Marvel VFX Giant Reveals Damage Done By Hollywood Strikes
www.forbes.com: The owner of Framestore, the special effects powerhouse behind the visuals in many Marvel movies, has revealed that it is still reeling from the strikes which gripped Hollywood for more than six months last year and caused its revenue to plummet by $46.7 million to $665.6 million.
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This article points to some illuminating information about the effect strikes have had on the entertainment industry, first showing the power that strikes have when they’re successful, and second how strikes affect the entertainment industry and where the costs actually trickle down to the companies. First discussing the power of the strikes, it is clear that this strong and consistent fight during 2023 was successful as it genuinely put these companies in a position where they needed to bargain in order to be able to salvage what had already been lost, and yet still companies are reeling, demonstrating the necessity of the work being done. Second, from the information in this article, it appears that Framestore suffered much more than Marvel or Disney as a collective which means that even despite the hard work of those who were on strike, the effect it has may still not land solely or even majorly on the companies being striked against. As such, pressure may be best to come from both employees and those that work with these larger companies that people are going on strike against to provide the best results.
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