Sony Pictures Entertainment posted $115 million in operating income for the three months ending June 30, down 71% on a dollar basis from last year’s comparable first quarter despite a stronger theatrical slate.
21.07.2023 - 10:07 / variety.com
Nick Vivarelli International Correspondent Tony Vinciquerra, chairman and CEO of Sony Pictures, took a guarded tone in talking about the SAG-AFTRA strike during an industry panel in Italy on Friday. But it was clear that he hopes it will be over soon. “We are very dismayed about having these strikes” said Vinciquerra, referring to the combined WGA and SAG-AFTRA strikes that mark the second time in Hollywood history that actors have joined writers on the picket lines. “We want to make a deal,” the Sony chief went on, adding: “Even though there have been a lot of headlines saying the opposite.”
“We need to make a deal and we want to make a deal,” Vinciquerra reiterated. “We value our actors because obviously they are very important partners to us. We want to go back to the table and get this settled quickly.”
“The thing that really troubles me though,” the Sony chief said, “Is all the people that are out of work that don’t have a dog in this hunt with the unions. They just can’t work, and that is just a very bad side effect of all this.” Vinciquerra – who was holding an onstage conversation at the Audio-Visual Producers Summit in Trieste, Italy, with producer Tarak Ben Ammar, whose Italian outfit Eagle Pictures releases Sony movies in Italy – also pointed out that “Now that SAG has gone on strike, we will have the ability to start finding ways to get back into negotiations with WGA. I hope that will happen at some point soon.” Vinciquerra, who oversees Sony’s global operations, was asked if a protracted double strike in the U.S. could represent an opportunity for content creators and producers outside the U.S. who could conceivably move in to fill a market gap. “The natural thing that’s happening – and you can feel it
Sony Pictures Entertainment posted $115 million in operating income for the three months ending June 30, down 71% on a dollar basis from last year’s comparable first quarter despite a stronger theatrical slate.
Billy Porter is taking some drastic measures due to the SAG-AFTRA strike, revealing that the lack of employment has forced him to place his house on the market.
Jamie Lee Curtis is expressing her full support for the SAG-AFTRA strike after she was criticized for comments she made earlier in the week.
Nick Vivarelli International Correspondent Rome’s Cinecittà Studios are in the midst of a radical overhaul that started in June 2021, when the government-owned facilities, headed by Nicola Maccanico — who is a former Warner Bros. and Sky Italia senior exec — secured a multi-million dollar loan provided by the European Union’s post-pandemic recovery fund to upgrade and expand the studios. Productions that recently set up camp on its iconic backlot, lured in part by Italy’s generous 40% cash-back tax credit, include Roland Emmerich’s gladiator series “Those About to Die,” which is currently shooting, and Luca Guadagnino’s recently wrapped William Burroughs adaptation “Queer” starring Daniel Craig.
As the SAG-AFTRA strike enters its second month with no end in sight, joining the WGA strike that began in May, some of Hollywood’s biggest stars have been taking to picket lines to support the unions.
Nick Vivarelli International Correspondent Nicole Morganti, Amazon Studios head of Italian originals, is being promoted by the streamer to the newly expanded role of head of local originals for Southern Europe encompassing Italy, France and Spain. Morganti, who has over 20 years of experience in the Italian entertainment industry, joined Amazon Studios as head of unscripted originals for Italy in February 2019 from her previously held position of Discovery Italy’s VP of talent and productions.
Nick Vivarelli International Correspondent Franco-Tunisian film and TV entrepreneur Tarak Ben Ammar is expanding the scope of his Italian operations by buying local unscripted production outfit Blu Yazmine, while also entering talks to build a large studio complex in Rome. Though Ben Ammar’s ambition to build sprawling new filming facilities in the Italian capital are in advanced talks but not fully concrete, the purchase of a majority stake in Blu Yazmine via his Rome-based Eagle Pictures has been closed.
Nick Vivarelli International Correspondent An underhanded move by members of Italy’s right-wing government to try and take over the management of Rome’s Centro Sperimentale Film School is prompting an uproar by its students and a strong show of support from the country’s top directors. Earlier this week, students of the Centro Sperimentale — which is the oldest film school in the world, and among the finest — staged a demonstration in front of the country’s parliament just as a piece of legislation that would change the school’s management was swiftly being approved by a parliamentary committee.
Gene Maddaus Senior Media Writer Prince Royal, an actor in Los Angeles, was working as an extra on “The Flash” when he was directed to a tractor trailer to “take pictures.” Inside were hundreds of cameras. He stood with his arms up as the operators took a 3-D scan, which he was told would be used for continuity and special effects. “We were told if we didn’t do it, we’d be sent home without pay,” he said.
Daniel Radcliffe is joining the fellow picketers.
Nick Vivarelli International Correspondent Spanish director J.A. Bayona’s “Society of the Snow,” a reconstruction of a 1972 plane crash in the Andes that forced survivors to take extreme measures, including cannibalism, has been set as the Venice Film Festival’s closing film. The deeply immersive Spanish-language saga is a Netflix original film shot in Andalusia’s Sierra Nevada, mainland Spain’s highest mountain range, using a 300-person crew. “Society of the Snow” will world premiere on the Lido out-of-competition on Sept. 9th. Its official screening will be held in the Palazzo del Cinema after the awards ceremony. In 1972 Uruguayan Air Force Flight 571, which had been chartered to bring Montevideo’s Old Christians Rugby Club team to Chile, crashed at an altitude of 11,712 feet in the Andes. Of its 45 passengers – which consisted mostly of the rugby team, friends and family – 29 survived. Without food, the survivors, who belonged to Uruguay’s elite, were forced to eat the flesh of the deceased to stay alive. 19 survived an avalanche. 72 days after the crash, 16 finally made it out alive.
Sony Pictures Entertainment Chairman and CEO Tony Vinciquerra has claimed the AMPTP offer made to the actors union was “the best offer that has ever been made to the SAG-AFTRA group.”
EXCLUSIVE: Andor will be forced to temporarily pause its Season 2 shoot as it becomes the latest major victim of the SAG-AFTRA strike.
Disney CEO Bob Iger already made his perspective clear about the ongoing guild strikes last week before the SAG-AFTRA one commenced. Now it’s Netflix CEO’s Ted Sarandos‘ turn.
Nick Vivarelli International Correspondent In March, several months before SAG-AFTRA actors went on the warpath in Hollywood, Italy’s dubbing industry workers staged a protracted strike demanding higher wages, less frenzied work conditions and protection against artificial intelligence. The Italian dubbing industry workers – many of whom are voice actors – returned to work after three weeks as local unions entered a phase of negotiations that seemed promising enough, even though their issues are not yet resolved. Cut to the present day. Italian unions representing the country’s film and TV industry workers are at “a very critical, almost historic juncture” in a broader labor dispute with the country’s motion picture association ANICA and other industry trade orgs, according to Sabina Di Marco, leader of SLC CGIL, the biggest union at the bargaining table.
Nick Vivarelli International Correspondent Placebo singer-guitarist Brian Molko is ruffling political feathers in Italy after lashing out against the country’s right-wing Prime Minster Giorgia Meloni, calling her a “fascist” and a “racist” during a packed concert near Turin. Prosecutors in Turin have now opened an investigation against the U.S.-born frontman of the British alt-rock band following his performance last week in front of 10,000 fans at the Sonic Park festival in Stupinigi outside Turin, according to multiple press reports. Molko’s insults at Italy’s prime minister from the stage also included calling Meloni a “piece of shit.” Meloni leads the Brothers of Italy party, which has neo-fascist roots and heads Italy’s most right-wing coalition government since World War II. She scored victory last September while running on anti-immigration policies, as well as plans to limit LGBTQ rights.
Marc Malkin Senior Film Awards, Events & Lifestyle Editor Disney didn’t let the SAG-AFTRA strike get in the way of its “Haunted Mansion” world premiere. None of the stars of the movie were expected to be in attendance, including LaKeith Stanfield, Tiffany Haddish, Danny DeVito, Rosario Dawson, Chase W. Dillon, Daniel Levy, Jamie Lee Curtis, Hasan Minhaj, Marilu Henner and Lindsay Lamb all observing the SAG-AFTRA strike. The studio still rolled out the red carpet at Disneyland in Anaheim Saturday night. Director Justin Simien told Variety he was “sad” his cast couldn’t attend, but understands why and supports the actors walkout. Later in, he gave a shoutout to the cast while introducing the movie.
Gene Maddaus Senior Media Writer SAG-AFTRA and the major studios remain at odds on a dizzying array of issues, as film and TV actors hit the picket lines Friday for the first time since 1980. According to sources on both sides, the biggest sticking point is the union’s demand for 2% of the revenue generated by streaming shows. The two sides also remain far apart on basic increases in minimum rates, with the studios offering 5%, 4% and 3.5% across the three years of the contract, while the union is demanding 11%, 4% and 4%. But that only scratches the surface. The parties are at odds on dozens of issues, only a handful of which have been publicly reported.
George Clooney is speaking out about the SAG-AFTRA strike.One day after the actors' union officially ratified their strike, with performers walking off sets and out of promotional events for their upcoming projects, Clooney issued a statement to ET, calling the strike a major turning point in the history of Hollywood.«This is an inflection point in our industry,» the actor and director said in his statement. «Actors and writers in large numbers have lost their ability to make a living.
Production has paused on Deadpool 3 following SAG-AFTRA’s decision to move forward with strike action last night.