When the most recent Hollywood strike took place — 16 years ago — the internet had not yet transformed the television and movie businesses. Broadcast networks still commanded colossal audiences, and cable channels were still growing. The superhero boom had begun for movie studios, and DVDs generated $16 billion in annual sales.Since then, galloping technological change has upended Hollywood in ways that few could have imagined. Traditional television is on viewership life support. Movie studios, stung by poor ticket sales for dramas and comedies, have retreated almost entirely to franchise spectacles. The DVD business is over; Netflix will ship its last little silver discs on Sept. 29.It’s a streaming world now. The pandemic sped up the shift.What has not changed much? The formulas that studios use to pay television and movie creators, setting the stage for another strike. “Writer compensation needs to evolve for a streaming-first world,” said Rich Greenfield, a founder of the LightShed Partners research firm.Absent an unlikely last-minute resolution with studios, more …
