Media Stocks Get Initial Boost as Hollywood Celebrates Tentative Deal to End Writers Strike

Donna Langley, Chairman, NBCUniversal Studio Group & Chief Content Officer, has been one of the key figures negotiating with the writers and actors.

Cynthia Littleton Business Editor NBCUniversal content chief Donna Langley has vowed that the top executives involved in contract negotiations with SAG-AFTRA will devote the time it takes to reach a new deal. Langley, who is chairman of NBCUniversal Studio Group and chief content officer of NBCUniversal, declined to say much about the state of talks with the performers union during her address Wednesday evening at Bloomberg Media’s Screentime conference in Hollywood. But she did express that her executive counterparts in the negotiating room — Disney’s Bob Iger, Netflix’s Ted Sarandos and Warner Bros.

There was no picketing Monday by SAG-AFTRA members due to the Indigenous Peoples Day holiday, but the leadership of the actors guild did return to the bargaining table with the studios and streamers.

Writers have officially approved their deal with the studios.

EXCLUSIVE: As the striking actors guild sits down today with the studio bosses for the first new talks in over 80 days, the writers are one step closer to officially ending their nearly 150-day labor dispute with the Alliance of Motion Picture and Television Producers.

Back at the bargaining table Monday for the first time in more than two and a half months, SAG-AFTRA and the Hollywood studios and streamers have a long way to go to make a deal – even with the momentum gained by the end of the writers’ strike.

Cynthia Littleton Business Editor AI, streaming residuals and minimum rate hikes will be among the key issues on the table when SAG-AFTRA and Hollywood’s largest employers sit down Monday for the first formal bargaining talks since the performers union went on strike July 14. SAG-AFTRA and negotiators for the Alliance of Motion Picture and Television Producers are expected to meet around midday at the union’s Miracle Mile headquarters at SAG-AFTRA Plaza. The talks follow the settlement the AMPTP reached last week with the Writers Guild of America after a 148-day strike.

Matt Donnelly Senior Film Writer Lead negotiators for SAG-AFTRA and the Alliance of Motion Picture and Television Producers will head back to the table on Monday, Oct. 2, after a bitter concurrent strike led by the Writes Guild of America was resolved on Tuesday. “SAG-AFTRA and the AMPTP will resume negotiations for a new TV/Theatrical contract on Monday, Oct.

After 146 days on the picket line, the Writers Guild of America (WGA) has struck a tentative deal with the Alliance of Motion Picture and Television Producers (AMPTP) to end the writers’ strike.

according to Variety and other outlets. They called the new contract “exceptional” and said it would have “meaningful gains and protections for writers in every sector of the membership.”“What we have won in this contract – most particularly, everything we have gained since May 2nd – is due to the willingness of this membership to exercise its power, to demonstrate its solidarity, to walk side-by-side, to endure the pain and uncertainty of the past 146 days,” part of the email from the WGA Negotiating Committee states, Variety reported.“It is the leverage generated by your strike, in concert with the extraordinary support of our union siblings, that finally brought the companies back to the table to make a deal.”The likely deal comes as both sides took part in intensive bargaining over the weekend.There were signs last week that the strike, which brought Hollywood to a halt for 146 days, appeared to be nearing the end when the Writers Guild of America and the Alliance of Motion Picture and Television Producers issued a joint statement that they were back in talks.The Alliance represents studios, streaming services and producers in the negotiations.Union leaders met Wednesday with top studio bosses including Disney CEO Robert Iger, Warner Bros.

EXCLUSIVE: The roller coaster ride of the Writers Guild and the Hollywood studios trying to seal a deal to end the writers’ nearly 5-month-long strike isn’t over yet.

Negotiations between the WGA and studios CEOs on a deal to end the nearly five-month long writers’ strike look within sight.

The Writers Guild brass and studios CEOs were working tonight to close a deal to end the scribes’ strike , but it seems they aren’t quite there yet.

This is Day 144 of the WGA strike and Day 71 of the SAG-AFTRA strike.

The WGA is heading back to the bargaining table with the CEOs of Netflix, Disney, Universal, and Warner Bros Discovery on Friday.

EXCLUSIVE: A second day of direct negotiations between the Writers Guild and studio CEOs has concluded this evening.

Gene Maddaus Senior Media Writer Four Hollywood CEOs returned to the bargaining table Thursday for a second day of talks with the Writers Guild of America, as the industry looked for signs of progress toward a deal that would end the 143-day strike. Sources said the studios made moves in multiple areas that they hoped would be enough to break the logjam. But it remained unclear if WGA leaders would see the AMPTP’s latest proposals and modifications as sufficient to meet writers’ demands.

Gene Maddaus Senior Media Writer The Writers Guild of America resumed bargaining with the major studios on Wednesday, as the 142-day writers strike closed in on a record duration. In a break from previous sessions, several top CEOs joined in the talks on Wednesday in Sherman Oaks. They were Bob Iger of Disney, Ted Sarandos of Netflix, Donna Langley of NBCUniversal and David Zaslav of Warner Bros.

K.J. Yossman Sky boss Dana Strong has said she is “optimistic” that Warner Discovery will renew its content deal with the European cable service when it expires in three years.

Disney shares pulled back 2% in early trading after the media giant unveiled a comprehensive plan to double its investment in theme parks to $60 billion over the next 10 years.