writers strike CNBC and other media outlets are reporting that the writer’s strike is over.  They quote former Walt Disney Chief Executive Michael Eisner as saying, “It’s Over. A deal has been made and they’ll be back to work very soon.” Could it really be over? There’s been no official word from the Writers Guild of America on whether or not this is for real, but I’m sure we’ll be hearing one way or another, officially, very soon.

It’s hard to believe that the strike started back on November 5th, 2007. It’s already been three months since writers have been out of a job, and a Wikipedia article on the topic says that the strike has already cost the industry over $1 billion dollars in those three months. One of the biggest issues with the strike was that there was conflict on how the writers should be compensated for “new media,” or in other words, online content which most of us are all familiar with.

CNBC interviewed Eisner about the strike and he was quoted as saying “If there was going to be a strike I think it should have been 3 years from now when (the writers) really understood the definition of the online business and where the revenues are coming from.” That was a great point that he made because the online business for media is still developing. One example of this is NBC who is trying to see what they can do online with Hulu. At this point I think it’s still an experiment for them.  Who’s to say what the online business for media will be like in just three years from now.  At that point in time, I believe everybody will have a better idea of how the online business for TV shows and movies will work and how everybody should be compensated for their work.

Hopefully it is over because I don’t know about you, but I’m ready for some of my favorite shows to return. I’ve been waiting patiently for too long now for 24 to start again…