Initiation fees from a record number of new members joining the WGA West has helped create a $4 million surplus for the guild in its fiscal year ended March 31.
According to a guild source, membership dues on increased TV earnings, aided by a slight uptick in dues on income from feature film writing. That’s especially good news for screenwriters, whose overall income has been in decline in recent years.
According to its latest financial report filed with the U.S. Department of Labor, the guild had a nearly $5 million surplus the year before, on total receipts of $57 million. At that time, the guild had 9.351 voting members.