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[1/2] Striking Writers Guild of America (WGA) members walk the picket line in front of Netflix offices in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsLOS ANGELES, Aug 16 (Reuters) - After three months of walking the picket lines, striking Hollywood writers expressed optimism on Wednesday about the reopening of contract talks with major studios and the possibility they could be back at work in weeks. Still, members of the Writers Guild of America see reason for hope. Writers went on strike on May 2 over an impasse on compensation, minimum staffing in writers' rooms, residual payments and curbs on artificial intelligence. While "Law and Order" writer and WGA liaison Terri Kopp is also upbeat about talks with studios continuing, she is concerned about information leaking from their confidential negotiating sessions.
Persons: Mike Blake, Pam Davis, we're, it's, AMPTP, They're, K.C, Scott, Terri Kopp, Kopp, Lucy, Danielle Broadway, Dawn Chmielewski, Sandra Maler Organizations: Guild of America, Netflix, REUTERS, Alliance, Television Producers, Walt Disney, Writers Guild of America, Reuters, Amazon Studios, Screen Actors Guild, WGA, Thomson Locations: Los Angeles , California, U.S, Culver City
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios and Netflix offices in Los Angeles, California, U.S., August 11, 2023. Writers went on strike May 2 over an impasse on compensation, minimum staffing in writers' rooms, residual payments and other issues. Officials familiar with the specifics of the studios' proposal declined to provide details. The AMPTP had rejected as a "hiring quota" the WGA's demand for minimum staffing of writers' rooms. Writers have proposed curbs on the generative artificial intelligence, a complex topic the studios saw as requiring "a lot more discussion."
Persons: Mario Anzuoni, Writers, AMPTP, Dawn Chmielewski, Mary Milliken, Cynthia Osterman, Gerry Doyle Organizations: Writers Guild of America, Netflix, REUTERS, Companies Comcast Corp, Paramount, Writers ' Guild of America, Alliance, Television Producers, Walt Disney, Warner Bros Discovery, Reuters, Bloomberg, WGA, Screen Actors Guild, Thomson Locations: Sunset Bronson, Los Angeles , California, U.S, Los Angeles
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios and Netflix offices in Los Angeles, California, U.S., August 11, 2023. REUTERS/Mario Anzuoni/File PhotoAug 14 (Reuters) - Hollywood studios have made a new offer to striking screenwriters that includes concessions on issues such as use of artificial intelligence and access to viewer data, Bloomberg News reported on Monday citing people familiar with the discussions. The Alliance of Motion Picture & Television Producers has agreed to ensure humans are credited as writers of screenplays, rather than replacing them with AI, the report said, adding that the companies will also share data on the number of hours viewed on streaming services. Netflix (NFLX.O) Co-Chief Executive Officer Ted Sarandos has emerged as a strong force seeking to reach a deal with the writers, the report added. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Mario Anzuoni, Ted Sarandos, Kanjyik Ghosh, Kim Coghill Organizations: Writers Guild of America, Netflix, REUTERS, Hollywood, Bloomberg, Alliance, Television Producers, Thomson Locations: Sunset Bronson, Los Angeles , California, U.S, Bengaluru
Check out the companies making headlines in midday trading. Banks — Major Wall Street banks slid during midday trading after CNBC reported Tuesday that Fitch Ratings may once again downgrade the health of the banking sector. Shares of Bank of America and JPMorgan Chase slid 2%, while Citigroup and Morgan Stanley each fell more than 1%. Paramount Global — Paramount Global shares climbed 2% in midday trading. Turnstone Biologics — The biotechnology stock added 1.96% in midday trading.
Persons: Banks, Fitch, JPMorgan Chase, Morgan Stanley, Roger Hochschild, John Owen, Hannon Armstrong, Hannon Armstrong Sustainable Infrastructure Capital — Hannon Armstrong, Homebuilders, Warren Buffett's Berkshire, D.R, Horton, Lennar, Wells Fargo, Baird, Turnstone, Piper Sandler, , Alex Harring, Jesse Pound, Tanaya Macheel, Pia Singh, Samantha Subin Organizations: CNBC, Bank of America, JPMorgan, Citigroup, Citizens Financial Group, U.S . Steel, Esmark, U.S, Steel, Discover Financial, Hannon Armstrong Sustainable Infrastructure Capital, Hannon Armstrong Sustainable Infrastructure Capital — Hannon Armstrong Sustainable Infrastructure Capital, Paramount Global, The Alliance, Motion Pictures, Television Producers, Bloomberg, Warren Buffett's Berkshire Hathaway, Nvidia, UBS, Investment Locations: Cleveland, Warren Buffett's
Hollywood writers to evaluate counterproposal from studios
  + stars: | 2023-08-12 | by ( ) www.reuters.com   time to read: +1 min
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios and Netflix offices in Los Angeles, California, U.S., August 11, 2023. REUTERS/Mario AnzuoniCompanies Comcast Corp FollowNetflix Inc FollowParamount Global Follow Show more companiesAug 11 (Reuters) - The union representing striking Hollywood writers said on Friday it had received a counterproposal from the studios that it would consider, an apparent sign of progress in the more than 100-day-old strike. Both sides met on Aug. 4 to discuss resuming talks and the issues each intended to bring to the bargaining table, but the WGA afterwards criticized the studios in a sign the talks were strained. The strike by Hollywood writers began on May 2 after talks between the WGA and the major studios reached an impasse over compensation, minimum staffing of writers' rooms and residual payments in the streaming era, among other issues. Reporting by Chandni Shah in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Mario, Walt Disney, Chandni Shah, William Mallard Organizations: Writers Guild of America, Netflix, REUTERS, Mario Anzuoni Companies Comcast Corp, Paramount, Hollywood, Guild of America, Alliance, Television Producers, Walt, WGA, Screen Actors, Thomson Locations: Sunset Bronson, Los Angeles , California, U.S, Bengaluru
LOS ANGELES, Aug 10 (Reuters) - Negotiators for striking Hollywood writers and the major studios will return to the bargaining table on Friday, the Writers Guild of America (WGA) said as the strike marked more than 100 days. Both sides met on Aug. 4 to discuss resuming talks and the issues each intended to bring to the bargaining table. But the WGA put out a statement afterwards critical of the studios, a sign that talks were strained. Disney Chief Executive Bob Iger on Wednesday extended an olive branch to Hollywood writers and actors, citing his “deep respect” for creative professionals. Iger, who has a reputation as talent-friendly, angered striking Hollywood workers last month when he said that their demands were "not realistic."
Persons: Bob Iger, Iger, Dawn Chmielewski, Mary Milliken, Cynthia Osterman Organizations: Writers Guild of America, Alliance, Television Producers, Walt Disney, Netflix, Warner Bros Discovery, WGA, Disney, Actors Guild, SAG, Thomson Locations: Los Angeles
New York CNN —The Writers Guild of America and Hollywood studios have agreed to meet on Friday to resume negotiations for the first time since the writers went on strike in a landmark labor action that has crippled the entertainment industry for more than 100 days. “We expect the AMPTP to provide responses to WGA proposals,” the WGA wrote in a statement to its members. The strike will push back fall television premieres and late night television shows haven’t aired new episodes since May. The longest writers’ strike on record stretched for 154 days in 1988. In an August 4 statement, the WGA claimed AMPTP leaked parts of their confidential meeting to the press.
Persons: Carol Lombardini, , haven’t, , AMPTP, , Bob Iger, ” Iger, Chris Isidore Organizations: New, New York CNN, Guild of America, Hollywood, WGA, Alliance, Television Producers, CNN, Disney Locations: New York, Hollywood,
Members of the Writers Guild of America have been on strike for 100 days, and writers are getting creative to keep striking even longer. The last WGA strike, which started in 2007, lasted for 100 days and led to 37,700 lost jobs and a $2.1 billion blow to the California economy, according to the Milken Institute, an economic think tank. Many writers, including Kyra Jones, a TV writer in Los Angeles, saw the piece as an intimidation tactic. 'Survival jobs' and new pathsEarning a living during the strike isn't as easy as applying to any job. Brandi Nicole is a TV writer in LA and Memphis.
Persons: Kyra Jones, we're, " Jones, Jones, they're, she's, Chisa Hutchinson, she'll, Gili, I've, Brandi Nicole, Nicole, Brown, She's Organizations: Writers Guild of America, WGA, Alliance, Television Producers, Milken Institute, CNBC, Hulu, ABC, Northwestern University, University of Delaware, Showtime, Humanitas Locations: California, Los Angeles, Northwestern, New York City, LA, Memphis
[1/3] Workers and supporters of the Writers Guild of America protest outside Universal Studios Hollywood in the Universal City area of Los Angeles, California, U.S., May 3, 2023. REUTERS/Mario Anzuoni//File PhotoLOS ANGELES, Aug 9 (Reuters) - The Hollywood writers' strike marks 100 days on Wednesday with contract talks stalled and people on the picket lines protesting what they describe as a disregard for their demands. Writers also sought to regulate the use of artificial intelligence, which they fear could replace their creative input. Reuters reported that Disney has created a task force to study artificial intelligence and how it can be applied across the entertainment conglomerate, signaling its importance. "When it comes to artificial intelligence, it is an existential crisis.
Persons: Mario Anzuoni, David Zaslav, Dawn Prestwich, Prestwich, assailing, Bob Iger, we're, Jamey Perry, Steven J, Ross, Dawn Chmielewski, Danielle Broadway, Mary Milliken, Sandra Maler Organizations: Workers, Writers Guild of America, Universal Studios Hollywood, REUTERS, Hollywood, Entertainment, Warner Bros Discovery, Screen Actors Guild, SAG, WGA, Alliance, Television Producers, Hope, Walt Disney, Reuters, Disney, University of Southern, Thomson Locations: Universal City, Los Angeles , California, U.S, Hollywood, University of Southern California, Los Angeles
When you’re making an independent film every second counts. Ash Avildsen had six days of filming left on his low-budget biopic “Queen of the Ring” — including a climactic scene involving a majority of his cast — when the actors’ union went on strike on July 14. If Mr. Avildsen could not receive an interim waiver from SAG-AFTRA, as the union is known, to continue filming, the project was likely to fall apart. The logistical and financial challenges of sending the cast and crew home and then trying to assemble them again after a strike would be too much for the shoestring production. “It was maniacally stressful,” said Mr. Avildsen, who wrote and directed the film, about Mildred Burke, who became a dominating figure in women’s wrestling in the 1930s.
Persons: Ash Avildsen, , Avildsen, , Mildred Burke, Organizations: SAG, Alliance, Television Producers Locations: Louisville, Ky
People take selfies beneath the Hollywood sign as the WGA (Writers Guild of America) strike continues on July 12, 2023 in Los Angeles, California. "A lot of different people are impacted surrounding the industry," Holmes says, "and it's causing them a lot of hardship." How long could the strike lastSome experts say the current strike could set the record for the longest writers' strike in Hollywood history. If strikes last until October, Holmes estimates the economic cost will total closer to $4 billion to $5 billion. The WGA represents 11,500 members, while SAG-AFTRA represents roughly 160,000 members.
Persons: Todd Holmes, Holmes, Lee Ohanian, Billy Porter, Kevin Klowden, Milken, Ohanian, it's Organizations: WGA, Guild of America, Writers Guild of America, Alliance, Television Producers, Cal State Northridge, Milken Institute, Screen, American Federation of Television, Radio Artists, University of California, CNBC, LA Times, Hollywood, Variety, SAG, Disney, Warner Bros Locations: Los Angeles , California, California, LA, Los Angeles
CNN —Hollywood is still mired in a state of anguish. When news emerged last week that the studios and striking writers were set to meet for the first time since the strike commenced in early May, a ray of hope emerged in Hollywood. The fire and brimstone that has overtaken Hollywood is on the path toward making history in the worst possible way. The current standoff has already surpassed the 2007-08 strike, which clocked in at 93 days, and is marching toward the longest writers’ strike on record: 154 days in 1988. Without production — a major economic engine that extends far beyond Hollywood — countless people who work in support roles are also without income.
Persons: , quagmire, AMPTP Organizations: CNN, Hollywood, Guild of America, Television Producers, WGA, SAG Locations: Hollywood,
Strikers say that studios proposed paying a day's rate in exchange for actors' digital likenesses. 5 actors told NPR that they've felt pushed to undergo body scans by studios. Rubalcaba told NPR that she was never told how the digital replica of her that was created that day might be used. NPR interviewed 5 extras in total who also said that they underwent body scans by studios and feared retaliation if they pushed back or refused. You can read the other background actors' stories over on NPR.
Persons: they've, Alexandria Rubalcaba, Rubalcaba, Disney, Samuel L, Jackson, Duncan Crabtree, Crabtree Organizations: Hollywood, Strikers, NPR, Morning, Disney, Facebook, SAG, Alliance, Television Producers Locations: Alexandria, Ireland
[1/5] SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., August 2, 2023. REUTERS/Mario AnzuoniLOS ANGELES, Aug 4 (Reuters) - As the Hollywood writers' strike approaches the 100-day mark, Writers Guild of America (WGA) negotiators will meet on Friday with representatives of the major studios for the first time in three months to discuss whether contract talks can resume. "We challenge the studios and AMPTP to come to the meeting they called for this Friday with a new playbook," the WGA said in an email. Fox is expected to announce that television's Emmy Awards will be rescheduled to air in January due to the strikes, the Los Angeles Times reported, citing a person familiar with the plans. Reporting by Dawn Chmielewski in Los Angeles; additional reporting by Danielle Broadway in Los Angeles Editing by Mary Milliken and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Mario, Walt Disney, Fox, Jorge A . Reyes, Kevin Hill, Dawn Chmielewski, Danielle Broadway, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Paramount Studios, REUTERS, Hollywood, Guild of America, WGA, Television Producers, Walt, Netflix, Screen Actors, Los Angeles Times, Warner Bros Discovery, Thomson Locations: Los Angeles , California, U.S, Los Angeles
Aug 3 (Reuters) - Warner Bros Discovery (WBD.O) warned Thursday that uncertainty over the dual strikes by Hollywood writers and actors could impact the timing of its film slate and its ability to produce and deliver content. The Alliance of Motion Picture and Television Producers, which represents Warner Bros Discovery and the other major studios in negotiations, asked to meet on Friday with the writers' guild to discuss the possibility of resuming talks. Warner Bros Discovery's revenue took a hit in the second quarter due to soft box office results, including the underperformance of the DC Comics-inspired film, "The Flash." The exterior of the Warner Bros. Under Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business more efficiently.
Persons: David Zaslav, Fran Drescher, Alyssa Pointer, Jamie Lumley, Samrhitha, Helen Coster, Mark Porter, Jonathan Oatis, Shounak Dasgupta, Marguerita Choy Organizations: Warner Bros Discovery, Hollywood, Writers Guild of America, Screen, SAG, Hasbro, Alliance, Television Producers, Paramount, Times, Variety, Warner Bros, DC Comics, Warner Bros . Discovery, Alliance of Motion Pictures, REUTERS, Discovery Inc, Total, HBO, Max, Thomson Locations: New York, Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru
The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photoAug 3 (Reuters) - Warner Bros Discovery (WBD.O) warned Thursday that the dual Hollywood strikes by writers and actors could hit its flagging studio business already bruised by high-profile box office flops including "The Flash." The shutdowns "may have implications for the timing and performance of the remainder of the film slate as well as our ability to produce and deliver content," Warner Bros Discovery CFO Gunnar Wiedenfels said. Total global subscribers for its HBO, Max and Discovery+ services stood at 95.8 million at the end of the quarter. Under CEO David Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business more efficiently.
Persons: Alyssa Pointer, Gunnar Wiedenfels, Jamie Lumley, David Zaslav, Zaslav, Samrhitha, Helen Coster, Mark Porter, Jonathan Oatis, Shounak Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Hasbro, Warner Bros, Discovery Inc, Total, HBO, Max, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru, New York
The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photoAug 3 (Reuters) - Warner Bros Discovery (WBD.O) posted a smaller loss for the second quarter on Thursday as the media conglomerate benefited from cost cuts, sending its shares up nearly 4% in premarket trading. Under Chief Executive Officer David Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business, which includes the Max streaming service, more efficiently. Net loss for the quarter came in at $1.24 billion, compared with a loss of $3.42 billion a year earlier. It lost 1.8 million subscribers, more than analysts' estimates of 1.1 million, reporting 95.8 million total global subscribers for its HBO, Max and Discovery+ services.
Persons: Alyssa Pointer, David Zaslav, Max, Zaslav, Samrhitha, Helen Coster, Shounak Dasgupta, Mark Porter Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Media, Warner Bros, Consumer, HBO, Discovery Inc, Max, HBO Max, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States, Bengaluru, New York
"Back in the late '90s, it used to be kind of a rarity to get a tiny residual check," actor John O'Brien said. In today's streaming-TV era, small residual checks have become so customary that they helped push the SAG-AFTRA actors union to go on strike in mid-July, joining film and television writers, who walked off the job in May, in part over residual payments. O'Brien, who has appeared on dozens of shows, from "Grey's Anatomy" to "Pretty Little Liars," shared images of residual checks from more than two decades ago worth $47.49, $87.77 and $216.25. For working class actors who were not the famous, highly paid stars, the residual checks were vital to helping them pay their bills. Lower residual payments mean fewer actors earn the $26,470 per year needed to qualify for SAG-AFTRA's health insurance coverage, said actor Michael Spellman.
Persons: John O'Brien, you'd, It's, O'Brien, Michael Spellman, Walt Disney, Arabella Field, Mike Blake, bartenders, Walt, Justin Bieber, Kirk Dinsmore, you've, Dinsmore, Spellman, We're, Lisa Richwine, Mary Milliken, Rosalba O'Brien Organizations: CITY, SAG, Alliance, Television Producers, Netflix, Studio City, REUTERS, Universal Pictures, Warner Bros, Walt Disney, Writers Guild of America, WGA, Thomson Locations: CITY , California, Hollywood, Los Angeles, Los Angeles , California, U.S
[1/2] SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Netflix, in Los Angeles, California, U.S., July 31, 2023. REUTERS/Mario AnzuoniAug 2 (Reuters) - Hollywood's striking writers and major studios have agreed to hold talks on Friday for the first time since their strike began over higher pay demands in May, the Writers Guild of America (WGA) said on Tuesday. An AMPTP spokesperson told Reuters that the alliance was committed to finding a mutually beneficial deal, without giving further details. Hollywood actors joined the writers on picket lines in July as they also demanded higher streaming-era pay and curbs on the use of artificial intelligence. The entertainment website Deadline reported on Tuesday that the WGA and the studios were on the verge of making a breakthrough in talks.
Persons: Mario Anzuoni, We'll, Walt Disney, Gokul Pisharody, Bharat Govind Gautam, Robert Birsel Organizations: Writers Guild of America, Netflix, REUTERS, Alliance, Television Producers, WGA, Reuters, Walt, Warner Bros Discovery, Hollywood, Thomson Locations: Los Angeles , California, U.S, Bengaluru
Picketers walk outside the Walt Disney Studios in Burbank, CA on Tuesday, June 6, 2023 as the Writers Guild of America strike enters the sixth week. As the Hollywood writers strike nears its 100th day and pressure from striking actors mounts, producers are asking for a meeting. The Writers Guild of America told screenwriters that Carol Lombardini, the studio negotiator, requested to talk Friday about the possibility of resuming negotiations with the guild. The meeting request doesn't guarantee that producers and writers will resume talks, but it's the first sign of movement in a stalemate between the Alliance of Motion Picture and Television Producers and the WGA since early May when the strike began. Tens of thousands of actors joined the picket lines last month, bringing Hollywood productions to a standstill and marking the first simultaneous actors' and writers' strikes since 1960.
Persons: Carol Lombardini, we've, Fran Drescher, Duncan Crabtree Organizations: Walt Disney Studios, Writers Guild of America, Hollywood, Guild of America, Alliance, Television Producers, WGA, American Federation of Television, Radio Artists, SAG Locations: Burbank , CA
The major entertainment studios and thousands of striking writers have agreed to meet to restart talks after a three-month standoff, according to the writers guild. The union, the Writers Guild of America, told screenwriters in an email Tuesday night that Carol Lombardini, the studio negotiator, asked for “a meeting this Friday to discuss negotiations.”The guild said it would not comment further. The Alliance of Motion Picture and Television Producers, the organization that bargains on behalf of the studios, also declined to comment. The meeting represents the first sign of movement in a stalemate that began in early May after negotiations between the writers and studios fell apart.
Persons: Carol Lombardini Organizations: Writers Guild of America, Alliance, Television Producers
Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.
Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives
Bryan Cranston calls out Bob Iger at striking actors' rally
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Mike SegarNEW YORK, July 25 (Reuters) - Emmy-winning "Breaking Bad" actor Bryan Cranston rallied a crowd of striking Hollywood actors on Tuesday with comments directed at Walt Disney Co (DIS.N) Chief Executive Bob Iger. Iger angered members of the SAG-AFTRA actors union this month by saying their demands for a labor contract with higher pay and limits on use of artificial intelligence were "unreasonable." At a rally in Times Square in New York near Disney's ABC News studio, Cranston said the actors had "a message for Mr. The actors' union has asked for a requirement that studios obtain consent to use a star's digital image, among other protections. "We will not have you take away our right to work and earn a decent living," Cranston said in his remarks directed at Iger.
Persons: Bryan Cranston, Steve Buscemi, Brendan Fraser, F, Murray Abraham, Jill Hennessy, Mike Segar, Bob Iger, Iger, Cranston, Lisa Richwine, Jonathan Oatis Organizations: SAG, Times, REUTERS, Walt Disney Co, Disney's ABC, Hollywood, Alliance, Television Producers, Disney, Netflix Inc, Thomson Locations: Manhattan, New York City , New York, U.S, New York, Disney's, Hollywood, Iger
Actors who host podcasts were divided on how or whether to continue their programs this week, as the 8-day-old Hollywood actors’ strike reverberated through an adjacent industry that didn’t exist during the union’s last work stoppage 43 years ago. The official targets of the strike are film and television productions associated with the Alliance of Motion Picture and Television Producers, a group that includes all of the major Hollywood studios and streamers like Netflix, Amazon and Apple. But messaging from the actors’ union, SAG-AFTRA, barring promotion of past or future work for the studios has left some members unsure of whether their podcasts are in violation of union policy. The actors hosting podcasts that recap the TV shows “It’s Always Sunny in Philadelphia,” “One Tree Hill” and “Bones,” for example, canceled or did special episodes this week.
Persons: Organizations: Alliance, Television Producers, Hollywood, Netflix, SAG Locations: Philadelphia
But can the same be said for Mattel shares? Mattel stock is up more about 19% on a year to date basis after a mixed start to the year. Into the Barbie release, the stock reflects the growing buzz. Mattel shares moved from $17.59 on June 1 to breaking into the $20 range for the first time since February. Though Barbie is not a typical film in the space given its adult audience, Jefferies analyst Andrew Uerkwitz said, it can still help Mattel sales incrementally.
Persons: Gordon Haskett, Don Bilson, Greta Gerwig, Margot Robbie, Ryan Gosling, Bilson, Goldman Sachs, Stephen Laszczyk, Davidson, Linda Bolton Weiser, Bolton Weiser, Barbie, Brett Feldman, Jefferies, Andrew Uerkwitz, Roth, David Bellinger, Bellinger, Mario, Morgan Stanley, Benjamin Swinburne, ramped, Oppenheimer, Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Mattel, Warner Bros, Lions, Lions Gate, Hasbro, MAT, Analysts, Universal Pictures, Mario Bros, Hollywood, JPMorgan, CNBC, Alliance, Television Producers, Guild of America Locations: 2H23
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