Hollywood sign

Source: Wikipedia / Thomas Wolf

Hollywood sign

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.