WGA Sets $3.4 Million Settlement With CBS for All Access Streaming Residuals

WGA Sets $3.4 Million Settlement With CBS for All Access Streaming Residuals
The WGA West has reached a big settlement with CBS over underpaid residuals for shows made available on the CBS All Access streaming platform from its inception in 2014.

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.

CBS
See full article at Variety »

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