The Writers Guild of America stood by its members while urging the Alliance of Motion Picture and the Television Producers to soften its stance to end the four-month strike.
Paramount CEO Bob Bakish explained what the company is doing to keep viewers entertained as negotiations with Hollywood writers and actors hit a stalemate.
Other parts of the offer include a better-than-20% increase in residual payments to writers when their shows appear on networks other than the one they were made for, Bloomberg said. Netflix Co-Chief Executive Officer Ted Sarandos has emerged as a strong force and Walt Disney Co CEO Bob Iger, in recent weeks, has joined him in seeking to reach a deal with the writers, the report added. The union representing striking Hollywood writers said on Friday it had received a counterproposal from the studios that it would consider, an apparent sign of progress in the more than 100-day-old strike.