“Though we negotiated intent on making a fair deal … the studios’ responses to our proposals have been wholly insufficient, given the existential crisis writers are facing,” said a statement from the union leadership. “They have closed the door on their labor force and opened the door to writing as an entirely freelance profession. No such deal could ever be contemplated by this membership.
Management’s side of negotiations is represented by the Alliance of Motion Pictures and Television Producers , which represents Amazon\n \n , Apple\n \n , CBS\n \n , Disney\n \n , NBC Universal, Netflix\n \n , Paramount Global, Sony\n \n and CNN’s parent company, Warner Bros. Discovery.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hollywood braces for writers' strike that could shut down production on most TV shows | CNN BusinessThe clock is ticking towards a costly strike that could shut down production on most television shows, pushing back the return of many programs now scheduled for the fall.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
How Actor and Writer Kelvin Yu Redirected His “Flawed” Hollywood Business ModelThe ‘American Born Chinese’ showrunner on the movie poster that prompted a career pivot, studios’ unspoken and “borderline offensive” argument against WGA demands and why five procedurals once cast him as a murderer.
Source: THR - 🏆 411. / 53 Read more »
Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
Source: CNN - 🏆 4. / 95 Read more »
Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN BusinessFederal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN.
Source: CNN - 🏆 4. / 95 Read more »