The guild disclosed in a letter to members Thursday that it has negotiated a settlement worth $3.4 million to cover 62 series featured on the subscription streaming service that CBS unveiled in October 2014. The guild challenged the methodology that CBS used to calculate the residuals due to writers for episodes of new and vintage series. The settlement covers 2014 through the end of 2020.
“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,” WGA West’s top leadership wrote in a letter to affected guild members.
A source close to the situation said the deal was finalized in November. CBS declined to comment.