Download the 2018 Annual Report

June 29, 2018

Dear Fellow Members:

We are pleased to present the Guild’s annual financial report. This year’s report continues the positive trends recorded over the last half decade. The Guild remains financially strong, with growing revenues and a healthy operating surplus.

In this booklet, you will find the WGAW’s financial statements and a summary of industry and employment data for the fiscal year that ended March 31, 2018. These are the highlights:

  • The Guild ended the fiscal year with total net assets of over $67 million. The Guild owns its headquarters located at the corner of Third Street and Fairfax Avenue, where long-planned building renovations are now underway. The work includes exterior painting, an upgrade of the first floor member lounge, and a soon-to-begin expansion of the second floor Del Reisman Multipurpose Room.
  • The Guild had an operating surplus for the fiscal year of $8.2 million based on total revenues of $39.2 million, up from $34.3 million last year. The surplus was the product of growth in overall writer earnings, led by the television and new media sectors, and by investment gains generated from a strong equities market.
  • Annual expenditures of $31 million were modestly higher than FY 2017’s total of $28.1 million. The increase was related to two negotiations: the Guild’s successful renegotiation of the 2017 MBA, which concluded last May; and preparations for the upcoming renegotiation of the Guild’s franchise agreement with the talent agencies, known as the Artists’ Manager Basic Agreement or AMBA.
  • The supplemental schedule on page 17 of the audited financial statements reflects that the Guild’s Foreign Levies Program distributed $21.9 million to writers and heirs during the last fiscal year, a record high for the program, which currently collects royalties in 19 countries in Europe and South America. This annual review is also posted on the Foreign Levies page of the Guild’s website, www.wga.org/foreignlevies, along with other information about the program.

We publish this financial information each year in the interest of transparency and a fully informed membership. The Membership and Finance Committee is a constitutional body, made up of five members appointed by the Board of Directors. The Committee oversees the annual audit conducted by the independent accounting firm of Miller Kaplan Arase LLP, whose report is contained in this booklet.

Sincerely,

The Membership and Finance Committee
Aaron Mendelsohn (chair), Tony DeSena, Carleton Eastlake, Jonathan Fernandez and Michele Mulroney


2017 Annual Report to Writers
2016 Annual Report to Writers
2015 Annual Report to Writers
2014 Annual Report to Writers
2013 Annual Report to Writers
2012 Annual Report to Writers
2011 Annual Report to Writers
2010 Annual Report to Writers
2009 Annual Report to Writers
2008 Annual Report to Writers
2007 Annual Report to Writers
2006 Annual Report to Writers
2005 Annual Report to Writers
2004 Annual Report to Writers
2003 Annual Report to Writers
2002 Annual Report to Writers
2001 Annual Report to Writers
2000 Annual Report to Writers
1999 Annual Report to Writers
1998 Annual Report to Writers