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Members of the Writers Guild of America (WGA) and the Screen Actors Guild walk the picket line outside of Fox Studios in Los Angeles, California, on August 9, 2023. Film and TV production ground to a halt 100 days ago when writers downed their pens, only to be joined on the picket lines in mid-July by actors. Writers and producers are near an agreement to end the Writers Guild of America strike after meeting face to face on Wednesday, people close to the negotiations told CNBC. While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year. This appears to be the closest the two sides have come to a resolution since the more than 11,000 film and TV writers went on strike beginning May 2.
Persons: Television Producers, Organizations: Writers Guild of America, Screen, Fox Studios, CNBC, WGA, Alliance, Television, Hollywood Locations: Los Angeles , California
The Writers Guild of America, which represents more than 11,000 television and film writers, and the Alliance of Motion Picture and Television Producers, which bargains for studios, have not held talks for three weeks. “This was the companies’ plan from the beginning — not to bargain, but to jam us,” guild leaders said shortly afterward. The studios have rejected that demand, but it is a position supported by many Writers Guild members, including numerous showrunners. “We’re just always trying to see if there are any ways anybody can help.”Behind the scenes, however, frustration among elite Writers Guild members has been mounting. Mr. Murphy set up a financial assistance fund for idled workers on his shows and committed $500,000 as a starting amount.
Persons: , Alexi Hawley, Scott Gimple, ” Steve Levitan, , “ We’re, Ryan Murphy, Chris Keyser, Murphy Organizations: Guild of America, Alliance, Television Producers, Union, Writers Guild, Fox Studios, Guild Locations: Los Angeles
CNN —It’s a tale of two movies and a box office triumph: “Barbie” and “Oppenheimer” maintained incredible momentum into their second weekends. It is the largest domestic second weekend performance ever for Warner Bros., which produced the movie. Crucially, these numbers reflect that not only is there high energy and excitement for movies, but an appetite for the movie theater experience. People dress up as the doll Barbie to attend the Barbie movie on July 21, 2023 in New York City. “You have to go into the theater to experience it.”Repeat viewings are also fueling box office earnings.
Persons: CNN —, “ Barbie ”, “ Oppenheimer ”, Barbie ”, Oppenheimer, Barbie, Stephanie Keith, Barbenheimer, it’s, , Michael O’Leary, “ Oppenheimer, O’Leary, , they've, Instagram O’Leary, there’s, Paul Dergarabedian, Eric Thayer, Shawn Robbins Organizations: CNN, Warner Bros, Warner Bros ., National Association of Theater Owners, B Theaters, Hollywood, B, , Guild of America, SAG, Comscore, , Screen, Fox Studios, Bloomberg, Getty, Boxoffice Pro Locations: New York City, United States, Los Angeles
People picket outside of FOX Studios on the first day of the Hollywood writers strike on May 2, 2023 in Los Angeles. Hollywood is gearing up for another labor fight, and once again worries about artificial intelligence are front and center. Hollywood's talent wants to create guardrails for the use of artificial intelligence in future television and film productions. "Our members are human beings, not puppets, and it is a violation to use AI technology to make them do or say something without their informed consent." Actors have varying comfort levels with how AI is used, which is why SAG-AFTRA is looking to advocate for informed consent when it sits down with the AMPTP.
Persons: Bill Murray, Scarlett Johansson, Tilda Swinton, Timothee Chalamet, Wes Anderson, Duncan Crabtree, AFTRA, Crabtree, James Earl Jones, Jones, Darth Vader, Obi, Wan Kenobi, Anderson Organizations: FOX Studios, Hollywood, Alliance, Television Producers, Screen Actors Guild, American Federation of Television, Radio Artists, Star Wars, SAG, CNBC, of America, Writers Guild of America, Disney Locations: Los Angeles . Hollywood, Ireland
The Esalen Institute is a retreat and educational institute that was established in Big Sur, California in 1962. When I came to Esalen for the first time in 2014 I thought: How does this place even exist? It's a rare place where water coming down from the mountains, hot spring water coming up from the Earth, and water from the Pacific Ocean all collide in one place. But I'm not meditating all day at Esalen — I'm focused on making an impact in the world. People are coming to us in transitionGiven our proximity to Silicon Valley, we do draw people from the tech world.
Vivek Wadhwa once called himself a friend of Musk and a Tesla fan, but he sees things differently now. Wadhwa loves his Tesla, but he says he'll never buy another one again. Before that, we had drinks and I said, "Tell me the craziest thing you're going to do." He said, "I'm going to retire on Mars." I've been waiting for six years for this car to drive itself and I know it's never going to happen.
The December jobs report is another data point that signals the Fed has more work to do to cool the economy. "A labor market this strong means an imminent recession is highly improbable," Indeed Hiring Lab economist Nick Bunker wrote in a note. While stocks usually sell off after these strong reports, fearing the worst from the Fed, Friday saw a strong rally. History suggests there are very strong odds the stock market gains 20% this year after last year's bludgeoning. Tesla stock has tumbled to multiyear lows.
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