tldrdaily.news logo
Tag

Overall Deals

All articles tagged with #overall deals

entertainment2 years ago

Hollywood Writers' Strike Ends with Renewed Focus on Union Resilience

Universal Studio Group has reinstated the overall deals of its writing and non-writing producers that were suspended during the WGA strike, but without extending their terms. This decision affects writers the most, as their deals were suspended for the entire five-month duration of the strike, resulting in significant financial losses. While other studios have been making extension decisions on a case-by-case basis, USG has opted for a uniform policy, adhering to the original terms of all deals. This move saves money for parent company NBCUniversal, but other studios, like Warner Bros TV, have also chosen not to extend a significant portion of their suspended deals.

via Deadline|
#entertainment#overall-deals#term-extensions
entertainment2 years ago

CBS Studios Halts Dr. Phil and Other Deals Amid Strikes, Ensures Assistant Salaries and Benefits until 2023

CBS Studios has suspended overall deals with Dr. Phil, DeVon Franklin, and Lis Rowinski due to the ongoing Writers Guild of America strike. The studio will continue to cover salary and benefits for assistants on these deals. This comes after Warner Bros. TV suspended deals with top producers last week. Both CBS Studios and Warner Bros. TV are represented by the Alliance of Motion Picture and Television Producers in negotiations with the WGA.

via Variety|
#cbs-studios#dr-phil#entertainment
entertainment2 years ago

Warner Bros. Halts Overall Deals with Bad Robot, Greg Berlanti, and Chuck Lorre

Warner Bros. Television Group has suspended a number of overall deals for top creatives, including J.J. Abrams' Bad Robot, Greg Berlanti, Chuck Lorre, Bill Lawrence, John Wells, and Mindy Kaling. The move comes as the Writers Guild of America strike enters its fourth month, with issues including residuals, AI, and streaming transparency. The deal suspensions are part of cost-cutting measures as studios and streamers face the impact of the strike, and the deals have been suspended rather than outright canceled.

via Hollywood Reporter|
#chuck-lorre#entertainment#greg-berlanti
entertainment2 years ago

Impending Force Majeure Terminations Threaten Struck Companies' First Look Deals

Major Hollywood studios and streaming platforms are considering terminating some of their first look and overall deals with writers as early as August 1, under contractual force majeure clauses, due to the ongoing writers strike. These deals, which were suspended in May, provide financial support and distribution advantages for writers' projects. However, top talent contracts have safeguards against selective termination, meaning that all term agreements must be terminated. While studios may save money by suspending deals, the potential public relations backlash and the need to retain top creators may deter widespread terminations. The strike has highlighted the disparity between mega-deal holders and mid-range creatives, who are more vulnerable to force majeure. The decision to terminate deals will ultimately depend on individual studio and platform cultures.

via Yahoo Entertainment|
#entertainment#first-look-deals#hollywood-studios
entertainment2 years ago

"The Netflix Strike": WGA Hit Squad Shuts Down Hollywood and Suspends Overall Deals.

Netflix has suspended its term deals, including overall and first-look deals, for writers and producers who are not in production due to the ongoing writers strike. The streaming giant will cover pay for assistants working under those deals for 30 days, but salaries for development executives are not being covered. The suspension procedure will apply to those involved in production as it ends. The pacts are expected to resume after the work stoppage, with the time of suspension added on the back end.

via Deadline|
#entertainment#first-look-deals#netflix
entertainment2 years ago

Studios Brace for Prolonged Writers Strike, Suspend Deals.

Major studios including Amazon, HBO, Warner Bros. TV, NBCUniversal, and Disney are suspending some first-look and overall deals amid the ongoing writers strike. The Writers Guild of America (WGA) called for a strike on May 2 after failing to ink a new deal with the Alliance of Motion Picture and Television Producers (AMPTP). While the news of overall deals being suspended is somewhat jarring, it is by no means unexpected.

via Variety|
#amazon#entertainment#hbo
entertainment2 years ago

Hollywood CEOs profit as WGA strike impacts TV and movies.

Major TV studios, including Warner Bros. Television, Universal Studio Group, CBS Studios, and Disney Television Studios, have started suspending overall deals with writer/producers due to the ongoing writers strike. The studios have informed the talent that their compensation under their term deals has been suspended, effective May 2. While some studios are continuing payments to producers who have series in production, others are offering weekly rates to writers/producers under suspended overall deals to do producing services. The suspension of overall deals is considered standard practice during a strike, but the potential termination of deals is what many are fearing.

via Deadline|
#compensation#entertainment#overall-deals