The following statement was released this afternoon regarding the on-going AMPTP and WGA negotiations.
LOS ANGELES, November 29, 2007 - "The AMPTP today unveiled a New Economic Partnership to the WGA, which includes groundbreaking moves in several areas of new media, including streaming, content made for new media and programming delivered over digital broadcast channels. The entire value of the New Economic Partnership will deliver more than $130 million in additional compensation above and beyond the more than $1.3 billion writers already receive each year. In response, the WGA has asked for time to study the proposals. While we strongly preferred to continue discussions, we respect and understand the WGA's desire to review the proposals. We look forward to resuming talks on Tuesday, December 4.
We continue to believe that there is common ground to be found between the two sides, and that our proposal for a New Economic Partnership offers the best chance to find it."