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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
LOS ANGELES (AP) — Hollywood’s actors union reached a tentative deal with studios Wednesday to end its strike and months of labor strife that ground the film and television industries to a historic halt. “We have arrived at a contract that will enable SAG-AFTRA members from every category to build sustainable careers,” the union said in a statement. “Many thousands of performers now and into the future will benefit from this work.”At nearly four months, it was by far the longest strike ever for film and television actors. More than 60,000 SAG-AFTRA members went on strike July 14, joining screenwriters who had walked off the job more than two months earlier. ___For more coverage of the actors and writers strike, visit: https://apnews.com/hub/hollywood-strikes/
Persons: , , Wednesday's, “ We’re, , Albert Brooks, Oscar, Fran Drescher, Duncan Crabtree, AFTRA, Krysta Fauria Organizations: ANGELES, Screen, American Federation of Television, Radio Artists, SAG, , Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Universal, Guild of America, HBO, Associated Press, Associated Locations: Ireland, hollywood
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
New York CNN —Blockbuster hit “Barbie” brought in a record $1.5 billion for Warner Bros. Discovery, but the company still reported a $417 million loss for the quarter that was bigger than Wall Street’s forecasts. The company, however, reported a narrow profit when taking into account adjustments for certain items, including interest, taxes, depreciation and amortization. Discovery, the parent company of CNN, needed the revenue boost from “Barbie” to achieve a narrow 2% increase in sales. The company reported that adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 22% to just under $3 billion.
Persons: Barbie ”, Gunnar Wiedenfels, David Zaslav, , , “ Barbie, WBD, EBITDA Organizations: New, New York CNN, Blockbuster, Warner Bros, CNN, Writers Guild of America, SAG, Netflix, Apple Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSAG-AFTRA reportedly reaches tentative deal with Hollywood studiosHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: SAG, Hollywood, CNBC
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
Warner Bros. The media company reported a decline in ad revenue during the third quarter. AdvertisementAdvertisementShares of Warner Bros. Warner Bros. This was reflected in Warner Bros. results, with the company reporting that it saw a decline of 12% in ad spending among its TV networks.
Persons: David Zaslav, , Zaslav, Gunnar Wiedenfels, Wiedenfels Organizations: Warner Bros, Service, Discovery, Wall, Bloomberg, WGA, SAG, HBO Max, Investors, Disney
One of the longest labor crises in Hollywood history is finally coming to an end. Upset about streaming-service pay and fearful of fast-developing artificial intelligence technology, actors joined screenwriters on picket lines in July. The writers had walked out in May over similar concerns. It was the first time since 1960, when Ronald Reagan was the head of the actors’ union and Marilyn Monroe was still starring in films, that actors and writers were both on strike. Brooks Barnes and Nicole Sperling reported from Los Angeles and John Koblin from New York.
Persons: , Ronald Reagan, Marilyn Monroe, Brooks Barnes, Nicole Sperling, John Koblin Organizations: SAG Locations: Hollywood, Los Angeles, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger: 'I'm optimistic we'll figure out' a deal with SAG-AFTRA 'relatively soon'Disney CEO Bob Iger joins CNBC's Julia Boorstin to talk Disney's quarterly earnings results, the future of its streaming services, what is next for ESPN and more.
Persons: Bob Iger, Julia Boorstin Organizations: SAG, Disney, ESPN
New York CNN —Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday. While the writers’ strike was resolved in September, production has remained shuttered as the actors continued to strike and negotiate their contract. But the actors’ contract negotiations didn’t last long, breaking down on Oct. 11 before returning later in the month. By the end of October, it appeared the actors’ strike was approaching its final scene. But Hollywood actors have not appeared on their shows to promote their movies during the actors strike.
Persons: Fran Drescher, , ” Drescher, , , we’ve, AMPTP, Angeles Mayor Karen Bass, ” Bass, George Clooney, Tyler Perry, AFTRA, “ We’re, WGA’s, Jimmy Kimmel, Jimmy Fallon, Stephen Colbert, John Oliver, Seth Meyers – Organizations: New, New York CNN, Hollywood, Alliance, Television Producers, SAG, Writers Guild of America, didn’t, CNN, Angeles Mayor, Writers Guild, WGA Locations: New York, Los Angeles,
The SAG-AFTRA union posted a message on X, the social media platform formerly known as Twitter, saying its negotiating committee is determined to secure the best deal and bring a responsible end to the strike. "We need a fair contract to make sure this career is viable now AND in the future." Last week, union leaders expressed "cautious optimism" that a deal could be reached soon but also said there were gaps between the two sides on various issues including the use of AI. Actors are seeking assurances that their digital likenesses will not be used without their permission. Reporting by Dawn Chmielewski and Lisa Richwine in Los Angeles Editing by Mary Milliken and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Duncan Crabtree, Fran Drescher, Walt Disney, Dawn Chmielewski, Lisa Richwine, Mary Milliken, Matthew Lewis Organizations: SAG, Alliance, Television Producers, Amazon, Hollywood, Walt, Netflix, Thomson Locations: ANGELES, Los Angeles
The fight over return-to-office is getting dirty
  + stars: | 2023-11-07 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Evidence is as evidence doesAs the return-to-office battle has heated up in the past six months, there has been a marked increase in declarations that remote work is less productive. The researchers determined that remote workers were 18% less productive than their in-person counterparts. Just the vibesDespite the limited evidence against it, corporations are increasingly trying to kill remote work. That's what makes the move to kill off remote work so frustrating. It's not clear that the return-to-office move is about making workers more productive or building a better culture.
Persons: it's, Mike Hopkins, they're, India —, Nicholas Bloom, who's, David Baszucki's, Geico, Amazon's Andy Jassy, Geico's Todd Combs, there's, Safra, Larry Ellison, wrongheaded, galvanizing sycophants, Ed Zitron Organizations: Amazon, Amazon Studios, National Bureau of Economic Research, Journalists, Stanford, Meta, , Writers Guild of America, SAG, United Auto Workers Locations: India
You can see in the funding for the infrastructure bill that we’re working hard to do all of that. We want to build generational wealth and do it in a way that heals communities rather than separates them. Between the Bipartisan Infrastructure Law, the Inflation Reduction Act and the CHIPS act, there’s been a $1.8 trillion dollar investment. You may recall that when this conversation started about three or four years ago, the number was $6 trillion. So $1.2 trillion is significant, but it’s just a downpayment on what the real needs are.
Persons: Mitch Landrieu, Joe Biden, Biden’s, Landrieu, Bell, you’ve, We’re, Biden, it’s, He’s, he’s, there’s, I’ve, Catherine Thorbecke, , David Tolley, WeWork, Adam Neumann, Neumann, , AFTRA, Ramishah Maruf, , ” It’s Organizations: CNN Business, Bell, New York CNN, White, Infrastructure Investment, Jobs Act, Economic Security, Infrastructure Law, SAG, Locations: New York, New Orleans, Lowndes County , Alabama, Napakiak, Alaska, China, America, Hollywood
NEW YORK (AP) — Nia DaCosta, director of the upcoming “The Marvels,” has a diagnosis for the recent struggles of superhero movies. It’s the first Marvel movie to feature not just all-female leads but a female villain (Zawe Ashton plays Dar-Benn), as well. While originally conceived as a post-“Endgame” follow-up to “Captain Marvel,” Marvel chief Kevin Feige was drawn to the chance to unite Captain Marvel with Rambeau from “WandaVision” and Ms. Marvel of her standalone Disney+ series. After making “Candyman,” a Marvel movie was, DaCosta says, “definitely not in my near future.” But it also wasn’t entirely off her radar. When DaCosta was tapped to helm “The Marvels,” Feige encouraged her to reach out to other Marvel movie directors for advice.
Persons: — Nia DaCosta, , “ Mo, , Barbie, Mario, Jordan Peele, ” DaCosta, , Brie Larson, Teyonah Parris, Iman Vellani, Samuel L, Jackson, isn’t, Marvel, it’s, Zawe Ashton, Benn, I’m, Carol Danvers, Captain Marvel, Larson, Monica Rambeau, Kamala Khan, Kevin Feige, WandaVision ”, ’ ” DaCosta, Danvers, I’ve, DaCosta, Henrik Ibsen’s “ Hedda Gabler, Tessa Thompson, Maude, She’s, Sam Raimi’s “, ” Feige, Ryan Coogler, Jake Coyle Organizations: Warner Bros, Marvel, Dar, ” Marvel, SAG, Twitter Locations: New York City, London
New York CNN —SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending the industry-freezing strike. The actors’ union said in a message to its members that there are several “essential items” that the two sides have yet to reach agreement on, such as the use of AI. SAG-AFTRA, which represents about 160,000 actors, announced its members would walk off sets on July 14, joining the striking writers in a historic double walkout against the studios. Both unions have advocated for restrictions on the use of artificial intelligence, a technology that actors and writers alike believe poses an existential threat to their livelihoods. Members of the Writers Guild of America union ratified a new contract with Hollywood and television studios in early October.
Persons: AFTRA, , , It’s, – CNN’s David Goldman Organizations: New, New York CNN, SAG, , Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, Writers Guild of America, Hollywood Locations: New York
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll of the production delays is making Netflix stronger, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the state of the SAG-AFTRA strike, the impact on Hollywood studios and box office, and more.
Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: Netflix, LightShed Partners, SAG, Hollywood
The North American box office had one of its slowest weekends of the year, due in large part to “Dune: Part Two’s” absence from the lineup. 1 movie and it would have been a bigger overall weekend,” said Paul Dergarabedian, the senior media analyst for Comscore. “Taylor Swift: The Eras Tour" took second place, with fourth weekend earnings at an estimated $13.5 million for the AMC release. "The overall box office is rather quiet, but there are so many interesting films out there," Dergarabedian said. “Independent film can really shine right now.”The effects of the ongoing strike at the box office are not easily quantifiable.
Persons: , “ Taylor Swift, Sofia Coppola’s “ Priscilla ”, “ Oppenheimer ”, Timothée Chalamet, Zendaya, Swifties, Martin Scorsese's, Alexander Payne's “, , Paul Dergarabedian, Priscilla, , It's, That's, “ Priscilla, Priscilla Presley’s, Elvis, Cailee Spaeny, Jacob Elordi, Paul Giamatti, Eugenio Derbez, ” Dergarabedian, “ He’s, Ryan, David Duchovny, exes, Jackson's, Dergarabedian, haven’t, “ Priscilla ”, Brie Larson, Teyonah Parris, Lashana Lynch, Comscore Organizations: American, Warner Bros, SAG, Comscore, Universal Pictures, AMC, Apple, Paramount, Los Angeles, Marvel, Locations: New York, Los, England, Mexican
The negotiating committee of the actors’ union, SAG-AFTRA, told its members on Saturday that it had received a “Last, Best and Final Offer” from the major entertainment studios as a strike that has brought much of Hollywood to a standstill continued for a 114th day. “We are reviewing it and considering our response within the context of the critical issues addressed in our proposals,” the negotiating committee said. They did not say when they would respond to the offer, which came after an hourlong video conference call that included top studio executives. The studios also offered the actors a new way to determine residuals for streaming programs based on performance metrics, and protections on artificial intelligence, including consent and compensation requirements. The studios also offered an increase to the pension and health funds.
Organizations: SAG Locations: Hollywood
New York CNN —A deal to resolve film and television actors’ 113-day strike could be imminent, as the union representing them said it is reviewing Hollywood and TV studios’ final offer. The negotiating committee for the SAG-AFTRA union on Saturday said it received a “last, best and final offer” from the Alliance of Motion Picture and Television Producers, whose members include Disney, Netflix, NBCUniversal, and Warner Bros. Warner Bros. Both the actors and writers fought for updated deals that better paid them for shows and movies on streaming services. Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBC Universal’s Donna Langley have been directly involved in negotiations.
Persons: , It’s, George Clooney, Tyler Perry, Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley Organizations: New, New York CNN, Hollywood, SAG, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, NBC Locations: New York
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. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Nov 1 (Reuters) - Negotiators for Hollywood actors and major studios have not resolved concerns about artificial intelligence (AI) and other issues in talks aimed at ending an 111-day strike, the SAG-AFTRA union said late Wednesday. The union has been seeking limits on how studios can use generative AI technology when making movies and TV shows. Actors fear they may be replaced by digital performers or that their likenesses may be used without their permission. "We continue to await the AMPTP's response to our comprehensive counter proposal package which we gave them on Saturday, addressing outstanding issues," SAG-AFTRA said.
Persons: Mario Anzuoni, Walt Disney, AFTRA, Lisa Richwine, Gerry Doyle Organizations: Paramount Studios, REUTERS, Hollywood, SAG, Alliance, Television Producers, Netflix, Wednesday, Milken Institute, Thomson Locations: Los Angeles , California, U.S, New York, Los Angeles, United States, California
Paramount Global's stock moved higher in extended trading Thursday after it reported strong revenue and subscription trends in its third-quarter earnings report. In the third quarter, streaming service Paramount+ saw 2.7 million net additions to its 63 million total subscriber count. Adjusted for one-time items, earnings per share were 30 cents during the period. "Looking ahead, we remain on the path to achieving significant total company earnings growth in 2024." Paramount and other media stocks closed higher Thursday as streaming device maker Roku surged 30% following its own stellar earnings report.
Persons: Bob Bakish, Roku, there's, Bakish, Naveen Chopra, Chopra, we've, Simon & Schuster Organizations: Paramount, Columbia, CBS, Showtime, BET, Nickelodeon, SAG, WGA, Netflix, KKR, CNBC PRO Locations: Hollywood , California
An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. The company also estimated annual sales to decrease 2% to an increase of 1%, compared with the previous forecast of an increase between 5% and 7%. Canada Goose expects full-year revenue to be between C$1.20 billion ($864.49 million) and C$1.40 billion, compared with its previous forecast of C$1.40 billion to C$1.50 billion. Canada Goose also saw revenues in the United States region decline nearly 11% as demand for high-end goods by affluent shoppers sag. Shares of Estee fell about 13% in premarket trading while U.S.-listed shares of Canada Goose were down 11%.
Persons: Lauder, Lucy Nicholson, Estee Lauder, Estee, Goose, Tom Ford's, Ananya Mariam Rajesh, Aatrayee Chatterjee, Shounak Dasgupta, Maju Samuel, Sriraj Organizations: REUTERS, Canada Goose Holdings, L'Oreal, Canada, U.S, Thomson Locations: Los Angeles , California, U.S, China, Canada, Asia, Korea, Hainan, Estee, United States, Bengaluru
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. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 30 (Reuters) - Striking Hollywood actors and studios remain far apart on key issues and will meet on Tuesday, the actors union said late on Monday. "While talks over the past week have been productive, we remain far apart on key issues, the union said in an update to its members. Last week, the union made a comprehensive counteroffer to AMPTP, the group representing Walt Disney (DIS.N) Netflix (NFLX.O) and other major media companies. Members of SAG-AFTRA, which represents 160,000 actors and other media professionals, have been on strike since July.
Persons: Mario Anzuoni, Duncan Crabtree, Crabtree, Maria Ponnezhath, Rollo Ross, Edwina Gibbs Organizations: Paramount Studios, REUTERS, Reuters, Alliance, Television Producers, Walt Disney, Netflix, SAG, Thomson Locations: Los Angeles , California, U.S, Ireland, AMPTP, Bengaluru
Actor Meg Ryan poses at the Academy Museum of Motion Pictures gala in Los Angeles, California, U.S. September 25, 2021. Eight years after her last Hollywood film, Ryan stars in "What Happens Later" as Willa, a woman who reunites with a former partner ("X-Files" star David Duchovny) when they are both snowed in at an airport. Ryan said she spent three years working to bring the project to the screen. "What Happens Later" is among several films from independent production companies to receive waivers from the SAG-AFTRA actors union, meaning the actors were free to speak about the movie despite the ongoing strike. "You never got the sense that she was overwhelmed or feeling the pressure, which I'm sure she was from time to time."
Persons: Meg Ryan, Mario Anzuoni, Harry Met Sally, Ryan, Willa, David Duchovny, Duchovny, Ryan's, Meg, Lisa Richwine, David Gregorio Our Organizations: Academy Museum of Motion Pictures, REUTERS, SAG, Thomson Locations: Los Angeles , California, U.S, Seattle
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