In the latest development, however… the Writers Guild has now said it’s willing to remove its DVD residuals increase altogether in exchange for residuals in digital media (downloads, streams, etc.). But the studios are not budging, refusing to give up a single cent of digital media revenue.
Kudos to the watchful readers who caught my error in yesterday’s blog posting. The writers are fighting to double their DVD residual rate, but they are not trying to raise their rate from 20% to 80%. They currently get paid 0.3%… and want to get paid 0.6%. This means screenwriters get paid about 4 cents for every DVD sale of a movie they wrote… and they want to get paid 8 cents. The studios are refusing.