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Hollywood Studios Reach New Labor Agreement, Avoiding Strike

A driver displays their support for the IATSE union in Los Angeles on Oct. 7.

Photographer: Mario Tama/Getty Images 

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Hollywood studios reached a new labor agreement with one of the industry’s most powerful unions, settling differences over work conditions and pay and averting a potentially disastrous halt to film and TV production across the country.

A strike would have roiled an industry that’s still reeling from Covid-related closures and health restrictions. Netflix Inc. and Walt Disney Co. have attributed weaker-than-expected growth in online subscriptions to the challenges of getting new programming.