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Fortune
Fortune
Paolo Confino

Hollywood studios tout proposed 5% pay bump for writers as the biggest in 35 years, the day after UPS Teamsters ratified a 35% raise and pilots got 21%

A sign on the picket lines of the Hollywood writers strike. (Credit: Robyn Beck—AFP/Getty Images)

After months of anticipation, contract negotiations between Hollywood writers and the movie studios ended abruptly amid frustration and finger-pointing. 

Twenty minutes after talks collapsed on Tuesday, the Alliance of Motion Picture and Television Producers, the trade organization that represents the studios, issued a press release that detailed its offer—its first since the screenwriters’ strike began in May, which, along with another strike by actors, has paralyzed the industry. The first bullet point from the trade group offered a seemingly tantalizing concession to striking writers: the largest wage increase in 35 years. 

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