All articles tagged with #film and tv industry
Apollo Global Management and Sony Group Corp are considering a joint bid for Paramount Global, leading to a surge in the company's shares as investors anticipate a potential bidding war with David Ellison. Discussions have taken place between Sony Pictures Entertainment chief Tony Vinciquerra and Apollo, but no official proposal has been submitted yet.
SAG-AFTRA leaders have given an update on the ongoing contract negotiations with the Alliance of Motion Picture and Television Producers, stating that talks have been "extremely productive" and they "remain optimistic" that a fair deal can be reached. The guild's members voted 97.9% in favor of authorizing a strike if an acceptable deal isn't reached by the end of the month when the current contract expires. The negotiations are focused on crucial issues such as economic fairness, residuals, regulating the use of artificial intelligence, and alleviating the burdens of the industry-wide shift to self-taping.
Netflix Co-CEO Ted Sarandos has said that the company does not want a writers' strike and is working towards finding a fair and equitable deal with the Writers Guild. However, in case of a strike, the company has a large base of upcoming shows and films from around the world to serve its members better than most. Sarandos highlighted the devastating impact of the last writers' strike on creators, the industry, and local economies that support production.