Latest Business News
Writers Guild of Canada Studying Tentative WGA Deal for Precedent in Local Contract Talks
The Writers Guild of Canada has applauded its sister organization Writers Guild of America’s tentative deal with major Hollywood studios and streamers, which could set the pattern for upcoming Canadian writer-producer contract renewal talks. “We will be looking very closely at the details of the deal,” WGC executive director Victoria Shen said in a statement […]
- By
Imax Defends $124M China Buyout Against Investor Opposition
Facing opposition from a Canadian investment fund, Imax has defended a proposed $124 million deal to acquire a 28.5 percent stake in its Shanghai-based Imax China unit that it does not already own. On Friday, Canadian investment fund Letko, Brosseau & Associates, which holds around 1.7 percent of Imax China shares, said it will vote […]
- By
Federation Studios Acquires French Animation Group Go-N Productions
Fast-growing French production group Federation Studios has acquired French animation company GO-N Productions, Federation unveiled on Monday. The animation studio, set up by Anne de Galard and Eric Garnet in 2004, is known for such kids series as Simon Super Rabbit, Lou!, Zip Zip and Tootuff. That week, it was named producer of the year […]
- By
Patrick Schweitzer Named CEO of Studiocanal’s ‘It’s a Sin,’ ‘Years and Years’ Producer Red
Patrick Schweitzer has been named the new CEO of Red Production Company, the U.K. producer behind such hits as It’s a Sin, Years and Years and the upcoming Neil Gaiman-adapted fantasy series Anansi Boys. Red parent company Studiocanal unveiled the news on Monday, with Studiocanal CEO Anna Marsh calling Schweitzer “an incredible asset to Red. […]
- By
U.K. Writers Guild on Tentative Deal to End Strike: “Your Solidarity Has Counted and Your Voice Has Been Heard”
With the Writers Guild of America (WGA) and representatives of Hollywood studios and streamers reaching a tentative deal on a new contract late Sunday, international reactions started pouring in Monday. Among the groups chiming in on the development was the Writers’ Guild of Great Britain (WGGB). “We send our congratulations to our sister union in the States […]
- By
Writers Guild Reaches Tentative Agreement With Studios and Streamers
After several long consecutive days of negotiations, the Writers Guild of America and the labor group representing studios and streamers have reached a tentative deal on a new contract in a major development that could precipitate the end of a historic, 146-day writers strike. The Writers Guild of America emailed strike captains the news on […]
- By
Wall Street Plays Ball: Sports Leagues in Demand for Investors
One hundred years ago, in August 1923, the Green Bay Packers football club was formed in a public stock sale. The Packers sold 1,000 shares at $5 apiece, raising $5,000 (about $90,000 today, adjusted for inflation). The team has held five stock sales since then, in 1935, 1950, 1997, 2011 and 2021, but despite raising […]
- By
Studios Present “Best and Final” Offer to Writers Guild
The Writers Guild of America and the Alliance of Motion Picture and Television Producers appear to be nearing the finish line on a deal that could end a historic, 145-day strike after the studios presented an alleged “best and final” offer to the union. The companies’ latest offer was made on Saturday, according to studio-side […]
- By
After Marathon Session, Writers Guild Negotiations Conclude Friday Without Deal
The Writers Guild of America met again with chief executives and studio and streamer negotiators on Friday in a marathon bargaining session that failed to produce a deal, though management-side insiders did claim that progress was being made. Talks went well into the night on the third day that union negotiators met with a group […]
- By
Writers Turn Out in Force On Picket Lines Amid Hopes of a Deal Breakthrough
On day 144 of the writers strike — a week and a half shy of becoming the longest in Writers Guild of America history — there was a renewed sense of optimism on the jam-packed picket lines Friday as guild members heeded their union’s call to hit the pavement as negotiations with studio CEOs and […]
- By
Rupert Murdoch’s Payday Hits $23M in Final Full Year Atop Fox Corp., Lachlan Murdoch Scores $21.7M
Rupert Murdoch and son Lachlan received $22.9 million and $21.7 million in compensation packages from Fox Corp. in the fiscal year that ended June 30, 2023, the parent company of Fox News has revealed. It will be the final full year in which Rupert Murdoch led the company as chairman, as he will step down and become chairman emeritus […]
- By
Production Assistants on Broadway Seek Unionization With Actors’ Equity
Production assistants on Broadway are seeking to unionize with Actors’ Equity. About 100 production assistants who either currently work as part of stage management teams on about 10 productions on Broadway, or have within the past two years, are seeking voluntary recognition of their union from the Broadway League. If that status is not granted, […]
- By
‘Secret Lives of Church Ladies’ Author Deesha Philyaw?Signs With Curate
Author Deesha Philyaw, whose short story collection The Secret Lives of Church Ladies earned a PEN/Faulkner Award for Fiction and was a finalist for the National Book Award for Fiction, has signed with Curate Management. Recently, Philyaw sold her next two books to HarperCollins imprint Mariner Books in a 7-figure deal, with her novel The […]
- By
Rick Cordella Named President of NBC Sports
NBC Sports has found its next leader. Rick Cordella, a 17-year NBCUniversal veteran, is being elevated to president of NBC Sports. Cordella has held several roles in the company during his tenure and is currently president, programming for NBC Sports and Peacock Sports. He’ll take over as head of the division from Pete Bevacqua, who […]
- By
Hollywood’s Troubleshooters: Who the Stars Call to Put Out Fires and Prevent Future Disasters
Whether it’s defending against criminal charges, negotiating a prenup or suing an employer, having a top-notch lawyer is a must. But when you’re famous and living under the microscope of public scrutiny, it takes a specialist who can navigate the law and the media. Enter The Troubleshooters, the lawyers Hollywood calls when it’s time to […]
- By
When Rupert Murdoch’s Empire Was at Its Peak
The last time Rupert Murdoch believed that he had created the Next Big Thing, he celebrated at the Temple of Dendur. The Roman Egyptian temple, completed in 10 BCE, was dedicated to the Egyptian goddess Isis, who was believed to help the dead enter the afterlife. Now a few Millennia later, the Temple of Dendur […]
- By