contract negotiation website that Hollywood “remains highly profitable” and vowing to ensure that writers get their fair share of that profit in upcoming contract negotiations with studios.“Gloomy stories about business model uncertainty, company layoffs and the industry’s impending downturn are both standard refrains during union contract negotiations and the predictable result of Wall Street’s narrow focus on stock price and short-term profits,” the WGA wrote. “Such coverage distracts from a fundamental truth: the content created for this industry has tremendous value, and the companies have demonstrated time and time again that they can and will capture that value.”The WGA’s new “State of the Industry” report argued the guild’s case, pointing to the combined annual operating profits of Netflix, Paramount, Warner Bros., Comcast, Fox and Disney.