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The Internet Has Had A Profound Affect On Hollywood

by Darren

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The internet has affected quite a few industries, and you can include the movie business in Hollywood as one of them. Hollywood writers want a bigger piece of the whole pie, including royalties on all kinds of digital media.

As in the past, the writers have made a top priority of seeking increases in residuals — bonus payments they earn as movies and TV shows enter secondary markets such as cable TV reruns, overseas distribution and DVDs.

This year, the guild is pushing hard to expand residuals for TV and film content that is reused on the Internet and other digital media platforms, such as cell phones and iPods.

Industry executives insist that wireless and Web-based entertainment still consist largely of experimental ventures whose business models are unproven.

The industry negotiators are claiming that the digital rights aren’t worth as much as the writers. Sure. That’s why they aren’t just giving them away! This dispute promises to be quite bitter for awhile.

Resource: Reuters Technology

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