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Fortunately, the strike did accomplish most of what it set out to achieve. Under the three-year contract that union leaders and production companies agreed upon this week, during the third year screenwriters’ residuals will be calculated as a percentage of “distributor??s gross receipts”—a formula that has less accounting uncertainty than the one dependent upon “producer’s gross receipts” that was used previously. This means that writers will receive more money for their movies and shows online than they...

Author: By The Crimson Staff | Title: Let Them Strike | 2/15/2008 | See Source »

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