Netflix Shareholders Decline To Back Executive Compensation Packages After WGA Urged Rejection Of “Inappropriate” Pay During Strike

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EXCLUSIVE: It Ends with Us, the Justin Baldoni-directed film that stars Blake Lively and Baldoni, looks like its production shoot has ended until the resolution of the WGA strike. The decision was made Thursday, with less than half of the movie completed. The sole reason for the film halting was the picketing by WGA strikers.

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Daredevil: Born Again and The Penguin finally have thrown in the towel: Deadline has learned that the Disney+ series and the Max drama will remain on pause until the end of the WGA Strike — whenever that may be.

pic.twitter.com/5UJ3Ddm0TkTV writer Tom Smuts, who is married to WGA president Meredith Stiehm, said he was there when the incident occurred.“In the past five weeks coordinating production pickets in Los Angeles and Georgia, no one else has treated us like that,” he tweeted. “And we in the WGA and Teamsters will stay here in solidarity – in Los Angeles, New York, New Mexico, Georgia and wherever else we need to be – until our labor and dignity are respected again.”A Lionsgate spokesperson told TheWrap that the company takes “acts of intimidation and threats of violence seriously” and that they are investigating the incident “thoroughly.”“As we continue to investigate, we have sent home the individual involved,” the studio added. A WGA spokesperson told TheWrap it is “working closely with members who were endangered during this incident to hold this individual accountable.”“Workers should not be threatened with physical harm when exercising their right to publicly protest and picket against unfair wages and working conditions,” the guild said.

Jennifer Maas TV Business Writer Netflix has picked up a sex-advice talk show from “E!’s Nightly Pop” host Zach Noe Towers as its latest addition to its SiriusXM channel Netflix Is a Joke Radio. Airing biweekly on Thursdays on channel 93 beginning June 15 at 9 p.m. ET/6 p.m. PT, “After Hours with Zach Noe Towers” is described as “a funny, sexy, one hour radio show where no topic is too taboo and no story is too raw…as long as it gets a laugh.” Per Netflix, “In each episode, Zach will bring listeners into his own erotic escapades, welcome special guests to share their sexual journeys, and take calls to give their best advice on everything from one night stands to epic orgies to sexy souvenirs (STIs). Grounded by Zach’s signature blend of sex-positive humor and well-mannered midwestern upbringing, the show will help make conversations around sex more accessible and fun.”

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behind only Simon Property Group, which was among the 1.5% of companies who asked shareholders to weigh in on executive compensation packages having rejected the “Say on Pay” proposals.The pay packages included total compensation for co-CEO Ted Sarandos, former co-CEO Reed Hastings and Greg Peters, who was elevated from COO to co-CEO earlier this year. In 2022, Hastings earned $51.1 million in total compensation last year while Sarandos brought in $50.3 million and Peters received $28.1 million. Last week’s rare dissent came days after WGA West president Meredith Stiehm sent an open letter to Netflix and Comcast shareholders urging them to reject the pay proposals ahead of the votes, pointing to the intensifying impact of the guild’s strike, which recently entered into its second month.

The WGA has detailed its plans to target Apple to coincide with its Worldwide Developers Conference.

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The Writers Guild is congratulating the Directors Guild on achieving a tentative agreement on a new film and TV contract but says its strike will continue unabated and that its own bargaining positions “remain the same” as at the start of the strike on May 2.

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Todd Spangler NY Digital Editor In a symbolic rebuke of Netflix’s top executives, company shareholders voted against approving the compensation packages of leaders including co-CEOs Ted Sarandos and Greg Peters. At the streamer’s June 1 annual shareholders meeting, investors failed to approve the proposed exec pay packages for 2023. But the vote was a non-binding “say on pay” measure, meaning Netflix’s board can disregard the result. The vote came after the WGA had urged investors to vote against Netflix’s exec compensation measures in a letter Tuesday. “While investors have long taken issue with Netflix’s executive pay, the compensation structure is more egregious against the backdrop of the strike,” WGA West president Meredith Stiehm wrote in the letter to Netflix shareholders.

1.5% of companies who asked shareholders to weigh in on executive compensation packages having rejected the pay proposals this year. The rejection comes just days after WGA West President Meredith Stiehm sent an open letter to Netflix and Comcast shareholders calling on them to reject the pay packages in the impending vote.“Netflix’s content pipeline has been blocked, with dozens of projects that were in development or ordered to series as of May 1st unable to move forward until WGA negotiations conclude,” Stiehm wrote in the letter to Netflix shareholders.

The leaders of the Writers Guild, SAG-AFTRA, IATSE and the Teamsters have issued a “joint statement of solidarity” with the Directors Guild in its final scheduled week of contract negotiations with the Alliance of Motion Picture and Television Producers, saying that they “stand alongside our sisters, brothers, and kin in the DGA in their pursuit of a fair contract.” Their statement comes on the 30th day of the ongoing WGA strike and 21 days after the DGA began its contract talks with the AMPTP.

Cynthia Littleton Business Editor In its heyday, “ER” would keep about 75 background actors on hand per episode to be called up as needed to fill out scenes in hospital corridors and whatnot. On Tuesday, about 75 “ER” alumni filled the sidewalks outside the show’s old studio on Olive Avenue in Burbank. Writers, actors and crew members who worked on the beloved NBC drama series rallied behind the Writers Guild of America on Day 29 of the strike called against Hollywood’s major employers. Many of those who gathered for the “ER” reunion-themed picket on the day after the Memorial Day holiday weekend were emotional about what “ER” represented in their professional careers. It’s an apt symbol for the WGA strike because “ER” is the kind of long-running scripted series that television networks don’t seem to make anymore.

Voting yes is NOT a vote to strike. It gives the board the POWER to strike if the AMPTP doesn’t agree to the essential contract improvements our members need.We’re a union, and a union stands together! pic.twitter.com/aSdTvb23WNThe guild is set to begin talks with the Alliance of Motion Picture and Television Producers on June 7.

WGAE Career Longevity Salon, a group of writers over the age of 50 within the WGAE have shown a presence as well, especially through co-leader Courtney Simon, who spoke on camera in a video posted to Twitter.“We’re here today picketing ‘The View,’ an ABC show that is still continuing to be written even though we are on strike,” Simon said in video you can watch below. “We are gonna make noise along with everyone else.

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Writers Guild of America is opening up a new front against the studios as its strike continues, as WGA West President Meredith Stiehm sent an open letter to Netflix and Comcast shareholders calling on them to reject the pay packages for those companies’ top executives that are up for a vote. Netflix is set to have its annual shareholders meeting on June 1, with Comcast, parent company of NBCUniversal, holding its shareholder meeting on June 7.