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Acting out: Hollywood is going on strike

Acting out: Hollywood is going on strike

Running lines

After a strung-out series of unsuccessful contract negotiations with a group representing major movie and TV studios, the Screen Actors Guild and American Federation of Television and Radio Artists (SAG-AFTRA for short) announced it would be joining the Writers Guild of America on the picket line in the first dual strike to hit Hollywood in over 60 years.

Stars like Cillian Murphy and Matt Damon left the London premiere of the hotly-anticipated Oppenheimer early following the strike’s announcement, and speculation is already brewing on how this will impact huge titles like Avatar 3, Gladiator 2, and many more in the coming months.

Act your wage

Many of SAG-AFTRA’s demands mirrored those of the Writers Guild before them, who set out on their strike over 2 months ago now, with actors calling for better pay and improved working conditions after seeing the industry warp and shift under the influence of technology. Performers are pointing to waning residuals (a form of royalty payment), wages that haven’t risen with inflation, and shorter seasons brought about by streaming that have meant less pay — on top of the threat of AI using their digital likeness in future.

It’s easy to picture the multi-millionaire Hollywood elite when we hear the word actor, but they only represent a tiny minority of the industry. Data from the American Community Survey reveals that actors typically earn unremarkable pay packets, with some 71% earning less than $40k in 2020.

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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