"Leading film and TV writers, accompanied by actors, directors and Silicon Valley investors, are poised to announce the creation of new ventures aimed at bypassing the studios.
"It's a whole new model to bring content directly to the masses," said screenwriter Aaron Mendelsohn. "We're gathering together a team of A-list TV and film writers, along with their A-list equivalent from Silicon Valley."
Mendelsohn is not alone. Seven groups are thought to be working on forming companies to challenge the dominance of the studios. The new companies plan to create programmes and films and distribute them on the internet, circumventing the old model of big studios owned by even bigger parent companies churning out content and controlling when and where it is seen.
The developments come as the screenwriters' strike shows no sign of a resolution. A report presented last week to a city council committee estimated that the strike would cost Los Angeles between $380m and $2.5bn."
11 hours ago