The release of Dune: Part Two has been changed yet again.
09.11.2023 - 15:23 / deadline.com
Media stocks popped Thursday, well outperforming the broader market, after news that the months longs SAG-AFTRA strike has been settled, with the actors’ guild and the AMPTP announcing a agreement last night. Halted productions can soon look to restart, the theatrical release calendar can stop shifting and the industry begin to get back to normal after a tough summer and fall.
There were gains across entertainment shares with Warner Bros. Discovery up more than 3% at $9.70 after a major selloff yesterday — when it fell 19% — on a soft advertising outlook delivered its third quarter earnings.
Disney is up nearly 6% at about $8.90 just after the open. It closed down slightly (off 0.11%) Wednesday ahead of earnings that were generally well received by Wall Street. CEO Bob Iger, on the company’s quarterly earnings call after market close yesterday, had indicated that a settlement was very close. CEOs have been very involved in the rocky contract talks over the past weeks.
Paramount Global is up nearly 4% at $12.30 after an 8% drop Wednesday.
Lionsgate, which reports earnings later today, is up 2% at $9.28 after a 5% yesterday. Abd Fox, which is a bit less impacted than the others, was nonetheless up a strong 9%.
After 118 days of the actors guild being out on strike, SAG-AFTRA and the studios on Wednesday reached a tentative deal on a new contract that could see Hollywood up and running again within weeks.
The strike was formally over of 12:01 a.m. PT on Thursday, putting an end to more than seven months of labor unrest in Hollywood that saw the Writers Guild and SAG-AFTRA hit the picket lines in the industry’s first joint strike in more than 60 years.
The guild’s 17-member negotiating committee unanimously to recommend a
The release of Dune: Part Two has been changed yet again.
Issa Rae is opening up after the Hollywood strikes have come to an end.
CBS is revealing their new TV schedule!
John Oliver started off Last Week Tonight talking about the SAG-AFTRA strike ending but then questioning if movies were still needed.
James Gunn has some exciting news for fans of Superman following the end of the SAG-AFTRA strike.
Timothée Chalamet got another turn at hosting Saturday Night Live for the second time and acknowledged the end of the SAG-AFTRA strike during his monologue.
Fran Drescher, the union’s president, has not only secured tentatively a historic three-year deal with studios but also garnered praise from some of Hollywood’s biggest names. Among them, George Clooney who expressed sheer astonishment at the deal.
Sydney Sweeney is back on set just hours after the end of the SAG-AFTRA strike.
in the person of its president, Fran Drescher) and the major Hollywood studios (AMPTP). It’s a rinse-and-repeat following on the heels of the writers’ guild (WGA), which ended its strike in early October after five months as TV scribes headed back to their writers rooms to crank out late-night monologues or plan for new episodes of their series.“I’m thrilled it’s over,” former “Parks and Recreation” co-star Jim O’Heir told me from Kansas City, where he’s starring in a play (“Catch Me If You Can”) during his strike-enforced downtime from television.
The SAG-AFTRA strike is finally over after 118 days.
The six-month production shutdown due to the WGA and SAG-AFTRA strikes is officially over today, and TV studios are not wasting a minute, with TV series — mainly returning broadcast shows going into full prep immediately.
Adam B. Vary Senior Entertainment Writer The Merc With a Mouth can speak again.
President Joe Biden weighed in on the tentative agreement to resolve the SAG-AFTRA strike, pointing to it as an example of how “collective bargaining works.”
The SAG-AFTRA strike has officially ended, and Hollywood is going to be racing back to action!
EXCLUSIVE: Bob Iger finally had his wish come true today
Film and TV cameras are finally set to roll again as SAG-AFTRA and AMPTP have reached a tentative agreement. The strike is officially over at 12:01 AM tonight, ending a six-month production pause due to the WGA and SAG-AFTRA work stoppages, which eclipsed the length of the Covid-related production shutdown of 2020.
Elsa Keslassy International Correspondent A few days after AFM wrapped in Santa Monica, the dearth of substantial deals trickling in is pointing to a weakened film sales market which is grappling with structural changes and the reverberations of the SAG-AFTRA strike. Global industry players came into the AFM with reasonable hopes of dealmaking after a quiet Toronto festival, even if many packages were held back due to the strike.
“Let me start by saying that we are hopeful we will reach a resolution to the SAG-AFTRA strike. We made a last and final offer, which met virtually all of the union’s goals, and includes the highest wage increase in 40 years, and I believe it provides for a positive outcome for all involved. We recognize that we need our creative partners to feel valued and rewarded and look forward to both sides getting back to the business of telling great stories,” Warner Bros. Discovery CEO David Zaslav said at the top of the company’s post-earnings call with Wall Street. He’s spoken in the same vein before about the SAG-AFTRA (and now-settled) WGA strikes — but actors are closer now with the AMPTP’s last and final offer currently being tweaked.
Jennifer Maas TV Business Writer Warner Bros. Discovery CEO David Zaslav opened the company’s quarterly earnings presentation with remarks on the ongoing SAG-AFTRA strike, remaining “hopeful” that the work stoppage will end “soon” following the Hollywood studios’ move to adjust AI language in its “last, best and final offer” to the actors union. “We are hopeful we will reach a resolution to the SAG-AFTRA strike soon,” Zaslav said during WBD’s third-quarter earnings call Wednesday.
Tyler Perry is speaking out on the SAG-AFTRA strike, now in its 117th day, as it appears a possible deal is getting much closer.