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Industry News

All articles tagged with #industry news

Melania Doc Producer Fires Back at Music-Use Allegations
industry-news15 days ago

Melania Doc Producer Fires Back at Music-Use Allegations

Marc Beckman, a longtime adviser and producer of Melania Trump’s documentary, rejected claims that the film used Phantom Thread’s score without authorization, saying Universal did consult the composer and that legally binding contracts authorize the music. He called the accusations a “blatant lie” and said the film followed proper protocol and compensated artists, while the piece also notes the film’s ongoing controversy and soft box-office performance.

Meta Halts New Content for Supernatural VR Fitness
industry-news1 month ago

Meta Halts New Content for Supernatural VR Fitness

Meta announced that its VR fitness app Supernatural will stop receiving any new content or feature updates, though existing workouts remain accessible and users can still interact with past coaches. The move has sparked concern among users about lost coaches and licensing, with Meta directing questions to support; the company later clarified that current content will continue to be available.

American College Theatre Festival Ends Ties with Kennedy Center, Continues Independently
industry-news2 months ago

American College Theatre Festival Ends Ties with Kennedy Center, Continues Independently

The American College Theatre Festival has ended its 58-year partnership with the Kennedy Center, citing irreconcilable differences, amid recent controversies including the Kennedy Center's proposed renaming after Donald Trump. The festival will continue independently, maintaining its regional conferences and commitment to promoting diverse college theatre work.

Broadway Musicians and Actors Avoid Strike with New Agreements
industry-news4 months ago

Broadway Musicians and Actors Avoid Strike with New Agreements

Broadway actors will receive a 3% annual pay increase over three years under a new contract, which also includes improved health benefits, paid personal days, and limits on consecutive workdays, following negotiations between Actors' Equity and the Broadway League. The contract is subject to member approval by October 30, with potential retroactive pay increases and other industry improvements.

Broadway Musicians Reach Deal, Averting Strike
industry-news4 months ago

Broadway Musicians Reach Deal, Averting Strike

U.S. Senators, including Kirsten Gillibrand, Cory Booker, and Andy Kim, are urging the Broadway League and Local 802 to negotiate in good faith to prevent a potential Broadway musicians' strike, which could significantly impact the theatre industry and local economy. The union's contract expired in August, and negotiations are ongoing, with a strike possible if an agreement isn't reached by October 23. The situation has garnered political and public attention, emphasizing the importance of a fair resolution to avoid widespread disruptions.

Broadway Musicians Threaten Immediate Strike Amid Contract Deadlock
industry-news4 months ago

Broadway Musicians Threaten Immediate Strike Amid Contract Deadlock

Broadway musicians union Local 802 AFM has threatened to strike on October 23 if they do not reach a new contract with the Broadway League, citing issues like wages, healthcare, and job security, which could lead to many shows going dark. The union has authorized a strike with 98% approval, and negotiations are scheduled to continue with potential for broader impact if actors' union also strikes in solidarity.

‘Ballerina’ Outperforms ‘John Wick’ Spinoff, Keeps ‘Lilo & Stitch’ at Top
industry-news8 months ago

‘Ballerina’ Outperforms ‘John Wick’ Spinoff, Keeps ‘Lilo & Stitch’ at Top

Lilo & Stitch continues to dominate the box office for the third weekend, earning $32.5 million domestically and $67.7 million globally, with a total of $772 million. The John Wick spinoff Ballerina opened strongly in second place with $25 million domestically and $26 million globally. Mission: Impossible — The Final Reckoning remains in third, adding $15 million in its third week, while Karate Kid: Legends and Final Destination: Bloodlines follow in fourth and fifth place.

"Nikon's Acquisition of RED: Implications for Cinema Industry"
businesstechnology2 years ago

"Nikon's Acquisition of RED: Implications for Cinema Industry"

Nikon Corporation has announced its agreement to acquire 100% of the outstanding membership interests of RED.com, LLC, making RED a wholly-owned subsidiary of Nikon. This unexpected acquisition aims to merge the strengths of both companies, leveraging Nikon's expertise in product development and image processing with RED's knowledge in cinema cameras and unique image compression technology. The move is expected to expand the professional digital cinema camera market and promises an exciting future of product development in film and video production.

Embracer Group's Shares Plummet Following Failed $2 Billion Deal.
business2 years ago

Embracer Group's Shares Plummet Following Failed $2 Billion Deal.

Embracer Group's stock dropped 40% after a $2 billion industry mega-deal collapsed, which came as a shock to the company. The identity of the counterparty is unknown, but Embracer has been on a vast spending spree, acquiring studios and properties. The deal's collapse resulted in a big earnings forecast downgrade, and it's unclear where Embracer goes from here or if the deal can be salvaged.