CBS Will Pay $3.4 Million in Residuals to Settle Dispute With Writers Guild Over Streaming

The Writers Guild of America West announced on Thursday that it has reached a settlement with CBS that will see the network pay $3.4 million in residuals for 62 TV shows added to the since-rebranded CBS All-Access streaming service.

“When CBS launched CBS All Access, the company used much of its own television programming to establish and grow the service,” guild leaders said in a memo to members that will be receiving a check through the settlement. “Writers of these television programs were owed a residual of 1.2% of the license fee for usage on CBS All Access […] We worked with CBS to reach a settlement that not only appropriately values the license fees for the programming you’ve written, but also includes interest owed for the late payment.”

CBS All-Access was launched in 2014 and was rebranded earlier this year to Paramount+. It is one of several streaming services owned by TV networks and their parent companies,
See full article at The Wrap »

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