LOS ANGELES — Say goodbye to your favorite late-night show if Hollywood's writers cannot cut a deal with studios by May 1.
That's the message the Writers Guild of America is delivering to entertainment investors and analysts as the screenwriters' union ratchets up pressure on studios amid contract negotiations. If the two sides can't reach an agreement, it will result in the first work stoppage by the WGA in 15 years.
In a Thursday memo obtained by the L.A. Times, the WGA said a May strike could delay the key fall network television season. The season contributes a third of all episodes produced, including 45% of the episodes produced by legacy media companies Disney, Paramount Global and Comcast NBCUniversal.
