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☆ Warner Bros Discovery beats quarterly profit estimates amid strike, sluggish ad market
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Discovery Atlanta campus is pictured after the Writers Guild of America began their strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, U.S. May 2, 2023. The media company forged by the union of WarnerMedia and Discovery posted adjusted core earnings of $2.97 billion, above estimates of $2.92 billion, as per LSEG data. The company had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter. In May, it launched its Max streaming service - combining HBO Max's scripted entertainment with Discovery's reality shows. Reporting by Samrhitha Arunasalam in Bengaluru and Helen Coster in New York; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, David Zaslav, Samrhitha, Helen Coster, Saumyadeb Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, SAG, HBO, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru, New York

☆ Netflix unveils $70 million restoration of historic Hollywood theater
▼ + stars: | 2023-11-08 | by ( Omar Younis | ) www.reuters.com time to read: +2 min

Netflix Co-CEO Ted Sarandos accepts the 2022 Economic Development Visionary Award during the Hollywood Chamber of Commerce 2022 Economic Development Summit in Los Angeles, California, U.S., August 25, 2022. Netflix said it spent $70 million to restore the theater, preserving its original Egyptian Revival design in the courtyard and inside the building while adding updated sound and projection equipment. "To be able to bring it back, and it's a beautiful movie house, is just an incredible point of pride for us." Netflix will hold premieres of its films and other special events at the theater on weekdays starting with a screening of David Fincher's "The Killer" on Thursday. Reporting by Omar Younis; Additional reporting and writing by Lisa Richwine; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Sarandos, Mario Anzuoni, Robin Hood, Douglas Fairbanks, David Fincher's, Rick Nicita, that's, Nicita, Omar Younis, Lisa Richwine, Sandra Maler Organizations: Netflix, Hollywood Chamber of, Summit, REUTERS, Egyptian, Thomson Locations: Los Angeles , California, U.S, Los Angeles .

☆ Disney is set to report earnings after the bell – here's what to expect
▼ + stars: | 2023-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. In its previous quarter, Disney recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss. Disney is also feeling pressure from activist investor Nelson Peltz, who is seeking to gain more control of the company's board. Perlmutter is one of the largest single shareholders in the company and has entrusted his stake in Disney to Peltz's Trian Fund Management. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.

Persons: Walt Disney, Mickey Mouse, Bob Iger's, Nelson Peltz, There's, Ike Perlmutter, Perlmutter, Julia Boorstin, Bob Iger Organizations: Magic, Walt Disney World, –, Netflix, Disney, Marvel Entertainment, Trian Fund Management, Comcast, CNBC Locations: Lake Buena Vista , Florida, Hulu, Disney, NBCUniversal

The company reported free cash flow of $2.06 billion, compared with $1.72 billion in the prior quarter. The company posted a net loss of $417 million, narrowing from a $2.3 billion net loss from a year-ago period. Advertising revenue at its networks segment declined 12% to $1.71 billion as global conflicts and inflation created an uncertain climate for marketers. The company's streaming unit posted an adjusted core profit of $111 million, compared with a loss of $634 million a year ago. Warner Bros Discovery had 95.1 million global direct-to-consumer customers at the end of the quarter, down from 95.8 million in the previous quarter.

Persons: Mario Anzuoni, Gunnar Wiedenfels, there's, Wiedenfels, David Zaslav, Michael Schulman, Barbie, Thomas Hayes, Samrhitha, Helen Coster, Saumyadeb Chakrabarty, Anil D'Silva, Mark Porter Organizations: Paramount Pictures Studios, REUTERS, Warner Bros Discovery, SAG, Running, HBO, Thomson Locations: Los Angeles , California, U.S, Bengaluru, New York

☆ SAG-AFTRA actors' union reaches tentative labor agreement with Hollywood studios
▼ + stars: | 2023-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, October 20, 2023. Hollywood's actors and studios have a preliminary labor agreement. The tentative deal will go to the union's national board Friday for "review and consideration," the statement said, and added that further details will be released following the meeting. The actors strike, which has lasted 118 days, will end at midnight and the SAG-AFTRA board will convene on Friday to review the final deal. Hollywood actors initiated a work stoppage in mid-July as negotiations broke down with studios including Disney , Paramount , Universal , Netflix and Warner Bros.

Persons: AFTRA Organizations: Paramount Studios, SAG, Screen Actors, American Federation of Television, Radio Artists, Alliance, Television Producers, Hollywood, Disney, Paramount, Universal, Netflix, Warner Bros . Discovery . Studios, Television, Writers Guild of America, Comcast, CNBC Locations: Los Angeles , California, NBCUniversal

☆ Bob Iger's return as Disney's CEO once sparked hope inside the company. Now, insiders are anxious and losing faith.
▼ + stars: | 2023-11-07 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com time to read: +15 min

"There was a lot of excitement and hope at the return of Bob Iger a year ago," a current Disney staffer told Insider. Uncertainty about the company's future and about who's deciding what on the creative side has left execs in a state of inertia, according to an entertainment lawyer with knowledge of Disney's business. The declining linear TV business culminated in a standoff with Charter Communications over terms for a new contract for carrying Disney's cable channels. And Disney's streaming business, which was supposed to make up for the decline in cable revenues, has lost $11 billion since Disney+ launched in 2019. Churn is a top concern in Disney streaming, some employees said.

Persons: Goofy, what's, Bob Iger, Bob Chapek, He's, confidants, Zenia Mucha, Alan Braverman, Alan Horn, Jayne Parker, Christine McCarthy —, Mickey, Ariel, grumbled, Iger's, It's, he's, Iger, Paul Verna, Chapek, Bob, it's, Ron DeSantis —, Iger —, Nelson Peltz, he'd, hasn't, Verna, Disney, Ike Perlmutter, Peltz, Perlmutter, Ike, Disney's, Paul Singer, Kevin Mayer, Tom Staggs, Puck, Stagg's Blackstone, Intelligence's Verna Organizations: Walt Disney Co, Disney, ABC, Hollywood, CNBC, Writers Guild of America, Wall, Insider Intelligence, Marvel, Lucasfilm, Century Fox, Google, Facebook, Netflix, Communications, Florida Gov, Hulu, ESPN Iger, FX, Geographic, ESPN, Apple, Electronic, Elliott Investment Management, Bloomberg, Mayer Locations: Burbank, Hollywood, Florida's, Iger

☆ SAG-AFTRA says studios’ latest offer falls short of union’s AI demands
▼ + stars: | 2023-11-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors' union and Hollywood studios and streamers failed to reach an agreement. (Photo by John Nacion/Getty Images)SAG-AFTRA actors aren't totally on board with Hollywood studios' latest labor agreement pitch. Studios put forth this "last, best and final offer" over the weekend, with top executives making clear that they would not make further concessions. Later in the month, talks resumed again, but so far, SAG-AFTRA and the AMPTP have been unable to reach a deal.

Persons: Rebecca Damon, John Nacion, aren't, AFTRA Organizations: NEW, SAG, Hollywood, Getty, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Paramount, Universal, Netflix, Warner Bros ., Television, Comcast, CNBC Locations: New York City, NBCUniversal

☆ The Israel-Hamas war threatens to derail Middle Eastern investment in US media and entertainment
▼ + stars: | 2023-11-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Still, the US presence highlighted the deepening ties between Hollywood and the region , as Western media, entertainment, and sports entities have seen major investment in recent years from Saudi, Qatar, and the UAE. Even before October 7, US entities that were receiving investment from the Middle East were reluctant to speak publicly about those relationships. Insider spoke with investors, producers, and other media and entertainment stakeholders about what's next for Hollywood's relationships with Mideast backers. Qatar hasn't seen any recent major deals but earlier this year, Peter Chernin and Providence Equity's production roll-up The North Road received $150 million from the Qatar Investment Authority. "The political nature gets more complicated," an industry insider observer said, noting how countries like Qatar are grabbing headlines for their role in the situation.

Persons: haven't, Jamal Khashoggi, Israel, it's, Knaebel, They're, Greg Silverman's, Silverman, Harry Potter, Chris Nolan's, Abu Dhabi's, Ari Emanuel, Peter Chernin, Jeff Zucker, LIV Golf Organizations: Film, Washington Post, Hollywood, Global Media, Saudi, Stampede Ventures, Warner Bros, Endeavor, Qatar hasn't, Providence, North, Qatar Investment Authority, IMI, CNN, Investment Fund, PGA Locations: Saudi Arabia, American, Jeddah, Saudi, Qatar, UAE, Gaza, Israel, Germany, Silver

Filmmakers Elizabeth Chai Vasarhelyi and Jimmy Chin have given audiences thrilling and sometimes terrifying front-row seats to incredible feats of human ambition in their documentary work. But there would be at least one big difference in bringing “Nyad” to life: actors. Political Cartoons View All 1233 ImagesIn fiction, she found creative collaborators in their decorated core cast: Annette Bening, who plays Nyad, Jodie Foster as her friend and coach Bonnie Stoll, and Rhys Ifans as the ship's navigator. Vasarhelyi wasn’t without any experience working with actors, either, and in fact learned from the best. With their other films, the filmmakers had loved watching their subjects get to see audiences respond to them and their work.

Persons: Elizabeth Chai Vasarhelyi, Jimmy Chin, Alex Honnold’s, El Capitan, they’d, Diana Nyad, “, ”, Nyad, ” Vasarhelyi, Annette Bening, Jodie Foster, Bonnie Stoll, Rhys Ifans, Chin, Vasarhelyi, Nyad ”, Mike Nichols, Julia Roberts, Jude Law, Clive Owen, Natalie Portman, Tom Stoppard, Julia Cox, ” Chin, Foster, “ There's, Bening, Annette, Diana, Oscar, Claudio Miranda, Ang, Pi ”, Miranda, it’d, you’re, We’re Organizations: Key West, Netflix, Associated Press, Formula Locations: Northern Thailand, The, Cuba, Key, Covent Gardens

LOS ANGELES (AP) — “Friends” star Matthew Perry, the Emmy-nominated actor whose sarcastic, but lovable Chandler Bing was among television’s most famous and most quotable characters, has died at 54. “Matthew was an incredibly gifted actor and an indelible part of the Warner Bros. Television Group family,” the company said in a statement. As Chandler, he played the quick-witted, insecure and neurotic roommate of LeBlanc's Joey and a close friend of Schwimmer's Ross. I ‘was’ Chandler.”Unknown at the time was the struggle Perry had with addiction and an intense desire to please audiences. But I could sometimes say a line and the audience wouldn’t laugh and I would sweat and sometimes go into convulsions,” Perry wrote.

Persons: —, Matthew Perry, Chandler Bing, “ Matthew, ” Perry’s, Drake Madison, ”, Jennifer Aniston, Courteney Cox, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Chandler, LeBlanc's Joey, Schwimmer's Ross, Perry, Matthew, Matty, Cox's Monica, “, ’ Chandler, ” “, ” Perry, Aniston, HBO Max, James Corden, Salma Hayek, Bruce Willis, Oscar, Oscar Madison, Walter Matthau, John Bennett Perry, Suzanne, Pierre Trudeau, Keith Morrison, Alicia Rancilio, Janie Har, Hillel Italie, Ryan Pearson, Anthony McCartney Organizations: ANGELES, Los Angeles, Los Angeles Times, Warner Bros . Television Group, Associated Press, AP, HBO, White, CBS, Canadian, Dateline, ___ Associated Press Locations: Los, New York, Williamstown , Massachusetts, ___

☆ We're seeking nominations for Insider's 2nd annual list spotlighting the entertainment industry's rising stars
▼ + stars: | 2023-10-25 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +2 min

Insider is seeking nominations for its 2nd annual list of the entertainment business' rising stars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementInsider is looking for nominations for its second annual list of rising stars in the entertainment business. They should work for an established entertainment company, such as a studio, network, streaming platform, or production company.

Persons: — Organizations: Service, Hollywood, PT Locations: Hollywood

☆ Puck's Matt Belloni on SAG-AFTRA strike: We're 'perilously close' to losing the entire year
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPuck's Matt Belloni on SAG-AFTRA strike: We're 'perilously close' to losing the entire yearPuck founding partner Matt Belloni joins 'Squawk Box' to discuss the latest developments in the contract negotiations between the Screen Actors Guild and Hollywood's major studios, the proposal offered by George Clooney and other Hollywood A-listers, and more.

Persons: Matt Belloni, Puck, George Clooney Organizations: SAG, Screen Actors

NEW YORK (AP) — The eighth installment of the “Mission: Impossible” franchise has been postponed a year, signaling a new wave of release schedule juggling for Hollywood studios as the actors strike surpasses three months of work stoppage. Paramount Pictures on Monday shifted the release date of “Dead Reckoning — Part Two” from June 28 to May 23, 2025. A string of Marvel movies have previously shifted back, as did the third “Venom” film. “Spider-Man: Beyond the Spider-Verse," has been delayed indefinitely after being dated for March 2024. Negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and the studios are scheduled to resume Tuesday.

Persons: Christopher McQuarrie's, Tom Cruise, Barbie ”, “ Oppenheimer, it's, ”, Lupita Nyong’o Organizations: Hollywood, Paramount Pictures, Paramount, Screen, American Federation of Television, Radio Artists

☆ Taylor Swift Eras Tour concert film adds $31 million to domestic tally in week two
▼ + stars: | 2023-10-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

US singer Taylor Swift arrives for the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles, California on October 11, 2023. The pop star's Eras Tour concert film snared $31 million during its second weekend in theaters, the most of any concert film at the domestic box office. "The film continues to shatter concert movie records as it brings to theaters much-needed foot traffic during a fourth quarter impacted by Hollywood's labor strikes." In total, the Eras Tour film has secured an estimated $129.8 million at the domestic box office. Already, the Eras Tour concert film has had the widest domestic release for a concert film (opening in more than 3,850 locations) and the highest opening weekend domestically for a concert film, surpassing Miley Cyrus' "Best of Both Worlds Concert" from 2008, which snared $31.1 million during its domestic debut, according to data from Comscore.

Persons: Taylor Swift, Swifties, Shawn Robbins, Swift, Michael Jackson's, Taylor, Paul Dergarabedian, Miley Cyrus Organizations: AMC, Marvel, Star Wars, Comscore Locations: Los Angeles , California, U.S, Canada

☆ Talks between studios, striking U.S. actors to restart Tuesday
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mario Anzuoni Acquire Licensing RightsOct 21 (Reuters) - Negotiations between media companies and the union representing striking U.S. actors will restart on Tuesday, the two sides said in a joint statement on Saturday. Talks broke down last week as the sides clashed over streaming revenue and the use of artificial intelligence. The strike has disrupted film and television production, leaving thousands of crew members without work as well as the actors. Members of SAG-AFTRA, which represents 160,000 actors and other media professionals, have been on strike since July. The union is seeking a deal with the Alliance for Motion Picture and Television Producers (AMPTP), which negotiates on behalf of studios.

Persons: Miki Yamashita, Mario Anzuoni, David Ljunggren, Alistair Bell Organizations: SAG, Paramount Studios, REUTERS, Alliance, Television Producers, AFTRA, Thomson Locations: Los Angeles , California, U.S

☆ Talks Between Studios, Striking U.S. Actors to Restart Tuesday
▼ + stars: | 2023-10-21 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Negotiations between media companies and the union representing striking U.S. actors will restart on Tuesday, the two sides said in a joint statement on Saturday. Talks broke down last week as the sides clashed over streaming revenue and the use of artificial intelligence. The strike has disrupted film and television production, leaving thousands of crew members without work as well as the actors. The union is seeking a deal with the Alliance for Motion Picture and Television Producers (AMPTP), which negotiates on behalf of studios. Several executives from AMPTP member companies will be in attendance," said the joint statement.

Persons: David Ljunggren, Alistair Bell Organizations: Reuters, SAG, Alliance, Television Producers, AFTRA

☆ As actors strike hits 100 days, hope mixes with financial angst
▼ + stars: | 2023-10-20 | by ( Rollo Ross | ) www.reuters.com time to read: +2 min

[1/4] SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. On the picket line outside Netflix on Friday, striking actors were grateful for a proposal by A-list Hollywood actors like George Clooney to pitch in $150 million to the SAG-AFTRA union over three years to help end the strike. The strike has disrupted film and television production, leaving thousands of crew members without work as well as the actors. But talks between the studios and the actors union broke down last week as the sides clashed over streaming revenue and the use of artificial intelligence. “The feeling is that we’re going to keep strong, we’re going to keep going," said Kevin Grossman, adding "I certainly don’t feel like we should stop.

Persons: Mario Anzuoni, George Clooney, Richard Speight, they’re, ” Vincenza, I’ve, Kevin Grossman, Rollo Ross, Mary Milliken, David Gregorio Our Organizations: Paramount Studios, REUTERS, Netflix, Hollywood, SAG, Thomson Locations: Los Angeles , California, U.S, Los Angeles

Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG. The strong performance showed Netflix was thriving despite Hollywood labor tensions that shut down a large swath of U.S. production. Netflix increased the U.S. price of its premium ad-free plan by $3 per month to $22.99. Substantial subscriber gains came in Europe, the Middle East and Africa, where Netflix added nearly 4 million subscribers. Netflix programming accounted for 8% of television screen time, second only to YouTube, the company said, citing Nielsen data.

Persons: Ted Sarandos, Sarandos, Paolo Pescatore, Mike Blake, Prince Harry's, Meghan Markle, Lisa Richwine, Aurora Ellis, Bill Berkrot, Leslie Adler Organizations: Netflix, Wall Street, Comcast, Brothers, Investors, REUTERS, USA, YouTube, Nielsen, Thomson Locations: United States, Britain, France, Los Angeles , California, U.S, Europe, East, Africa

But the actors' talks were tepid, with days off between sessions and no reports of progress. WHAT HAPPENS NEXT IN THE ACTORS STRIKE? Their 42-day work stoppage began and ended all within the span of the much longer writers strike. Other segments of the actors union have gone on strike too, including several long standoffs over the TV commercials contract. That segment of the union could strike again soon if a new contract deal isn't reached.

Persons: —, Fran Drescher, I’ve, Ted Sarandos, ” Sarandos, ” Duncan Crabtree, Crabtree, “, ” Drescher, that’s, AFTRA, Ronald Reagan, Tony Curtis, Janet Leigh, Jamie Lee Curtis, Bob Hope, ”, Powers Boothe, isn't, Martin Scorsese, Leonardo DiCaprio hasn't Organizations: ANGELES, Screen, American Federation of Television, Radio Artists, SAG, Associated Press, Netflix, Actors, U.S, Union, The Television Academy Locations: Ireland, Crabtree, hollywood

Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsLOS ANGELES Oct 19 (Reuters) - Streaming pioneer Netflix (NFLX.O) showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood's writers and actors, sending its shares up 13.5% in premarket trading on Thursday. Shares rose to $393.45 in an indication that the company was set to add nearly $21 billion to its market capitalization. "The management deserves an Emmy for managing investor expectations," Bernstein analysts wrote in a note, adding that paid-sharing has opened up a bigger-than-expected market of potential subscribers for Netflix. "Due to its large international presence, Netflix is positioned better than most entertainment companies in plugging programming gaps from the writers' and actors' strikes," said Insider Intelligence principal analyst Ross Benes.

Persons: Dado, Bernstein, Walt Disney, Ross Benes, Benes, Ted Sarandos, Sarandos, Sophie Lund, Yates, Hargreaves Lansdown, Dawn Chmielewski, Lisa Richwine, Chavi Mehta, Gerry Doyle, Arun Koyyur Organizations: Netflix, REUTERS, Paramount Global, Warner Bros Discovery, Writers Guild of America, Intelligence, vise, Netflix's U.S, USA Network, Thomson Locations: Los Angeles, Bengaluru

☆ Hollywood's AI issues are far from settled after writers' labor deal with studios
▼ + stars: | 2023-10-16 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The Writers Guild of America's labor deal with Hollywood studios was billed as a big win for writers, but industry experts fear the agreement's artificial intelligence guardrails won't be enough. The contract does, however, leave room for studios to train AI using preexisting material. WGA's original May proposal, which triggered the strike, would have disallowed studios from using any materials to train AI outright. Hollywood studios training AI with preexisting materials could create a whole new set of issues for writers by allowing the studios to use previous work to generate similar materials without the writer's consent or even awareness. Allowing studios to train AI with preexisting material was a "punt" down the line, and studios will inevitably "push to use AI as far as possible," said Peter Csathy, founder and chairman of media legal advisory company Creative Media.

Persons: Justine Bateman, Leslie Callif, Donaldson, Callif, Peter Csathy Organizations: Writers Guild of America, The, Hollywood, CNBC, WGA, Alliance, Television Producers, Beverly, Creative Media Locations: Netflix's, York, New York City, Hollywood, Beverly Hills, U.S

☆ Hollywood stuck in a rut after talks break down between actors' union and studios
▼ + stars: | 2023-10-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Forget about a Hollywood ending for actors and studios — for now. After just under two weeks, negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and the Alliance of Motion Picture and Television Producers broke down Wednesday night. It appears that wages and artificial intelligence protections remain sticking points between actors and studios. With the dissolution of talks, the strike will rage on, disrupting marketing campaigns and preventing production from commencing on a significant portion of Hollywood's film and television projects.

Persons: Jimmy Fallon, Jimmy Kimmel, Seth Meyers, Stephen Colbert, John Oliver Organizations: Writers Guild of America, Screen, NBC Universal, —, American Federation of Television, Radio Artists, Alliance, Television Producers, SAG, WGA Locations: New York City

☆ Striking Hollywood actors, studios suspend contract negotiations
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Actor Billy Crudup joins fellow SAG-AFTRA actors walking a picket line during their strike in Manhattan in New York City, New York, U.S., September 28, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsOct 12 (Reuters) - Talks between Hollywood studios and negotiators for the SAG-AFTRA actors' union have been suspended after the union presented its most recent proposal, the Alliance of Motion Picture and Television Producers (AMPTP) said on Wednesday. This week, members of the WGA approved a new three-year contract with major studios, five months after the union called a strike. The new contract provides pay raises, some protections around use of artificial intelligence and other gains. AMPTP said it hoped the actors' union would reconsider and return to productive negotiations soon.

Persons: Billy Crudup, Mike Segar, Walt Disney, AFTRA, AMPTP, Gursimran Kaur, Kim Coghill, Robert Birsel Organizations: SAG, REUTERS, Hollywood, Alliance, Television Producers, Walt, Netflix, Guild of America, WGA, Thomson Locations: Manhattan, New York City , New York, U.S, Hollywood's, Bengaluru

☆ How Texas Monthly is cashing in on Hollywood's true crime obsession
▼ + stars: | 2023-10-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Streamers increasingly are leaning into true crime and stories about the heartland, and Texas Monthly can check those boxes. Of the publication's 50 film and TV projects, half fall into the true crime genre. "They're trying to reach the middle of the country, and we've got things that do that," Scott Brown, Texas Monthly's president, told Insider. Texas Monthly also has a first-look deal with Warner Bros. Sarah Aubrey, head of original content at Max (and an Austin native), told Insider Texas Monthly has an "uncanny ability" to identify not only gripping true crime but also cultural stories with unforgettable characters.

Persons: Richard Linklater, Oscar, we've, Scott Brown, Brown, Taylor Sheridan, Deborah Esquenazi, Sarah Aubrey, It's, Elizabeth Olsen, Max's, Jake Giles Netter, HBO Max, —, greenlit, James Reyos Organizations: Texas, Netflix, Hollywood, Warner Bros, HBO, HBO Max Texas, Entertainment, CAA Locations: Venice, Toronto, Houston, Scott Brown , Texas, Texas, Austin, Hollywood

☆ Hollywood writers union ratifies three-year labor contract after strike
▼ + stars: | 2023-10-09 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Members of the SAG-AFTRA actors union walked off the job in July and were meeting studio negotiators again on Monday to try to reach an agreement. The Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney (DIS.N), Netflix (NFLX.O) and other media companies, said the contract "represents meaningful gains and protections for writers." "It is important progress for our industry that writers are back to work," the group said in a statement. Negotiators for the SAG-AFTRA actors union continued contract talks with studios on Monday.

Persons: Mike Blake, Meredith Stiehm, Walt Disney, Jimmy Kimmel, Bill Maher, ”, Lisa Takeuchi Cullen, Lisa Richwine, Chris Reese, Marguerita Choy Organizations: Writers Guild of America, Disney Studios, REUTERS, WGA, SAG, UPS, Alliance, Television Producers, Walt, Netflix, Milken, Thomson Locations: Burbank , California, U.S, Hollywood, United States, Detroit, California

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