One of the longest crises in Hollywood history finally came to an end. SAG-AFTRA, the union representing many actors reached a deal for new contracts with entertainment companies clearing it out of the way and everything going back to normal. After the pandemic ended the movie industry took a spiral turn leading to 2 strikes. The dual walkouts, which hampered development and halted production on the vast majority of films and TV shows in the works at big studios, dealt another blow to theater chains still fighting to return to pre-pandemic levels of business. Now that the strike is over and production of movies will start up again it will take them while for them to release in theaters. But the movie business is still reeling from the effects of the work stoppages by both actors and members of the Writers Guild of America (the writers reached a deal and ended their walkout in September) and will need some time to recover. Some studio executives speculate that it may take until 2026 or 2027 for the industry to fully rebound to pre-pandemic levels. During the last decade and the rise of streaming, writers and actors have been frustrated over studio policy regarding residuals from streaming services; the decline of network television has led to a stronger reliance on other residuals. The 2007–08 WGA strike was motivated in large part by studio executives insisting that writers should receive no residuals from streaming services. The 2007–08 strike cost the city of Los Angeles an estimated US$1.5 billion, according to NPR. As with striking WGA writers, actors have expressed concerns about the use of artificial intelligence, noting that it could be used to replicate their likeness without compensation.
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