Actor Billy Porter revealed in a recent interview with the Evening Standard that he is facing financial struggles as a result of the ongoing Hollywood strikes, ultimately leading him to sell his home. Porter expressed uncertainty about when the strikes will end, further exacerbating his financial difficulties. Contrary to popular belief, the star of “Pose” and “Cinderella” emphasized that actors’ wealth is frequently misunderstood, and he has already been significantly impacted by the strikes.
Porter highlighted a key issue faced by members of both the Screen Actors Guild and the Writers Guild of America who are on strike: the significant decrease in income from residuals due to the rise of streaming platforms. He noted that there is currently no contract in place to appropriately address this issue, and streaming companies are known for their lack of transparency regarding viewership figures.
Recognizing the need for the industry to adapt to the changing landscape, Porter emphasized the importance of evolving and renegotiating contracts. Fran Drescher, President of SAG-AFTRA, further supported this view by stating that many members do not even earn enough to qualify for health insurance, making it clear that changes are necessary.
While dealing with the strike, Porter has been in England, working on his album titled “The Black Mona Lisa.” This highlights his determination to continue creating despite the challenging circumstances.
The strike, which began in early May, involves both Hollywood writers and actors who failed to reach an agreement with the Alliance of Motion Picture and Television Producers, representing major Hollywood studios. This marks a significant development in the industry, as it is the first time since 1960 that both groups have been on strike simultaneously.
It is worth noting that the strikes do not affect all contracts, as some CBS News staff who are members of SAG-AFTRA or the Writers Guild remain unaffected. Paramount Pictures, one of the studios involved in the negotiations, falls under Paramount Global, which includes CBS News.
In conclusion, Billy Porter’s candid remarks shed light on the financial struggles faced by actors during the Hollywood strikes. The industry must adapt to the changing landscape and address the issue of dwindling residuals due to streaming. This strike is a major historical event, impacting both writers and actors, and it remains to be seen when a resolution will be reached.
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