WME, the last major Hollywood agency not to sign on to the Writers Guild Of America’s (WGA) franchise agreement, on Tuesday (December 22) sent an updated proposal to end a long-running impasse.
A statement release by the agency said, “WME has updated the terms of our proposal and submitted it to the WGA in a good-faith effort to jumpstart our discussions.
“We want to find a way forward with the Guild and return to representing our writer-clients. We are willing and available to meet with the Guild as soon as possible, including over the holidays, in order to reach a resolution.”
Last week CAA signed the franchise agreement, which is designed to eliminate packaging fees and lower ownership stakes in production companies to 20%.
WME parent Endeavor owns film and TV production, sales and financing company Endeavor Content.
The stand-off began in March 2019 when the WGA instructed members to fire their agents if the parties could not agree on terms.