Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Disney CEO reaches out to striking Hollywood creatives with 'deep respect'

Published 08/09/2023, 07:44 PM
Updated 08/10/2023, 10:51 AM
© Reuters. FILE PHOTO: SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023.   REUTERS/Mike Blake/File Photo
DIS
-

By Danielle Broadway and Dawn Chmielewski

LOS ANGELES (Reuters) - Walt Disney (NYSE:DIS) Chief Executive Bob Iger on Wednesday said he was committed to finding a solution to the Hollywood writer and actor strikes, citing his "deep respect" for creative professionals, as he signaled a turn from comments that inflamed tensions last month.

Iger last month told striking actors that their demands were "not realistic."

The Hollywood writers' strike entered its 100th day on Wednesday with contract talks stalled and people on the picket lines protesting what they say is a disregard for their demands. The actors strike started less than a month ago.

The growth of artificial intelligence has been a key issue for union members, who fear that it could replace their creative input.

"Nothing is more important to this company than its relationships with the creative," Iger said on a call discussing Disney's quarterly results on Wednesday.

"I have deep respect and appreciation for all those who are vital to the extraordinary creative engine that drives this company and our industry," he said.

Iger, who returned to Disney as CEO last year, did not say how he would help bring the strikes to an end.

In July, Iger angered members of both unions by saying that the demands of the SAG-AFTRA actors union for a labor contract with higher pay and limits on use of artificial intelligence were "not realistic."

Emmy-winning "Breaking Bad" actor Bryan Cranston about a week later took aim at Iger in remarks to striking actors, saying: "We don't expect you to understand who we are, but we ask you to hear us. And beyond that, to listen to us when we tell you, we will not be having our jobs taken away and given to robots."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Under Iger, Disney has created a task force to study artificial intelligence and how it can be applied across the company, Reuters reported on Tuesday.

Latest comments

no new product in the pipeline means disastorous future earnings at some point - bob's a realist - talked tough they didn't cave so now how do we get it done - AI is still the future - and payrolls happen now
hollyweirds find a new job.
The blind leading the blind.
A desperate attempt to divert investors from Dis earnings result........
Who cares. What leverage do they have? There are millions of writers who will gladly replace them and they can even use US. These people have not produced any good movies and just spend their days trying to groom children. Fire them all and give others an opportunity to replace the ungrateful pink haired communist pedophiles.
*even use AI
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.