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Sag Aftra Negotiations

All articles tagged with #sag aftra negotiations

entertainment2 years ago

SAG-AFTRA and Studios Reach Agreement on Union's Goals

Warner Bros. Discovery CEO David Zaslav stated that the studios' offer in the SAG-AFTRA negotiations has met almost all of the union's goals, including the highest wage increase in 40 years. Zaslav expressed hope for a resolution soon and emphasized the importance of valuing and rewarding creative partners. The ongoing strike has impacted WBD's bottom line, with reduced original content schedules and declining revenues. The company expects a negative impact on earnings due to the strike's duration, but also anticipates positive cash flow from the inability to deploy cash during the strike.

via Hollywood Reporter|
#david-zaslav#entertainment#sag-aftra-negotiations
entertainment2 years ago

SAG-AFTRA Negotiations Continue Amidst High Expectations

The SAG-AFTRA negotiations between the union and Hollywood studios continue into the weekend, with discussions focusing on a new three-year pact that could potentially end the actors' strike. Both sides have been trading proposals on wage floors and streaming compensation, with the studios raising their offer and the union adjusting its ask. Pressure is mounting for progress to be made as A-list actors and thousands of others express concerns and urge negotiators not to cave. The studios are also concerned about the impact of the strike on their 2024 movie and broadcast schedules, with Disney already announcing delays to two spring tentpole releases.

via Hollywood Reporter|
#actors-strike#entertainment#hollywood-studios
entertainment2 years ago

"NBCUniversal's Donna Langley Commits to Resolving SAG-AFTRA Negotiations with Dedication"

Donna Langley, NBCUniversal Studio Group chairman & chief content officer, stated that the studio side is committed to spending "as much time as it takes" in negotiations with SAG-AFTRA until a resolution is reached. Langley expressed concern about the potential impact of a lingering strike on the studio's summer film slate and the industry as a whole. The ongoing strike has lasted nearly three months, with studio leaders such as Langley, Netflix co-CEO Ted Sarandos, Warner Bros. Discovery CEO David Zaslav, and Disney CEO Bob Iger participating in negotiations. Both sides still have several issues to work through, including revenue sharing for streaming projects and AI regulations.

via Hollywood Reporter|
#actors-strike#donna-langley#entertainment