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Scott Galloway shares what he thinks are the best and worst parts of the new WGA deal.

October 02, 2023 / 01:06

This episode discusses the recent developments in the writers' union negotiations, the UAW's wage offers, and the implications for the media industry.

The host acknowledges previous misconceptions about the writers' union's stability, stating that it remains intact and has secured some concessions. The conversation highlights the media's portrayal of the situation as exceptional.

The host critiques the auto industry's wage offers, noting that a 20 percent increase was rejected by the UAW. The dynamics between the strong auto industry and the weaker streaming market are examined.

Key points include the importance of minimum riders in rooms and the necessity for studios to invest in future talent through apprenticeship programs.

TLDR

The episode critiques media coverage of union negotiations and discusses wage dynamics in the auto and streaming industries.

Episode

1:06
00:00:00
first off let me acknowledge I said it would break the backs of the Union the writers Union similar to the coal miners
00:00:06
I was wrong the writers Union is going to be intact I think they did get some I don't know substantive concessions
00:00:16
um but I don't quite frankly I I I think there's some liberal media bias here calling this thing they call it
00:00:24
exceptional the media takes a bait and says substantial you know substantial Victory the auto
00:00:31
the UAW has been offered 20 and they've rejected it why because the Auto industry is strong and the Dynamics of
00:00:39
the streaming and the media Market are weak and they're calling a five percent increase in wages exceptional there are
00:00:45
some really wonderful things they got the best in my view is they got minimum riders in rooms it's a really important
00:00:51
thing because the way I see this is basically they have forced the studios to invest in the future and in an
00:00:56
apprenticeship program which we support and that's that's a great idea here foreign

Episode Highlights

  • Writers Union's Strength
    Despite initial doubts, the writers Union remains intact and strong.
    “I was wrong the writers Union is going to be intact”
    @ 00m 06s
    October 02, 2023
  • Investment in the Future
    The negotiations led to studios being forced to invest in apprenticeship programs.
    “they have forced the studios to invest in the future”
    @ 00m 51s
    October 02, 2023

Episode Quotes

  • I was wrong the writers Union is going to be intact.
    Scott Galloway shares what he thinks are the best and worst parts of the new WGA deal.

Key Moments

  • Media Bias00:20
  • Wage Increase Debate00:42
  • Future Investments00:51