March 21, 2011 |
After less than three weeks of talks, the Writers Guild of America and Hollywood's major studios have reached an agreement on a new three-year contract. The tentative agreement includes a 20% increase in pay-TV residuals, a 2% increase in annual wage rates and an increase in employer pension contributions to 7.5% from 6%, according a letter the WGA sent to its 12,000 members Sunday night. Negotiations to replace the current contract, which expires May 1, began March 3. The swift agreement was widely anticipated and stood in sharp contrast to the bitter standoff that occurred in late 2007, after negotiations with the studios broke down and writers staged a 100-day strike that shut down television production and roiled Hollywood.
April 25, 2012 |
The Securities and Exchange Commission has sent letters to at least four major Hollywood studios, including Walt Disney Studios and DreamWorks Animation, over dealings in China, a person familiar with the matter but not authorized to speak publicly confirmed Tuesday. The letters center on the studios' dealings with China Film Group, a state-run company whose responsibilities include determining which foreign movies get access to a limited number of slots each year for revenue-sharing deals in the red-hot Chinese movie market, which is now the second-largest in the world behind the United States.
August 20, 2013 |
When it comes to computer-animated movies, studios seemingly can't get enough of talking animals, planes, cars, monsters, cavemen, snails and little blue creatures who live in mushrooms. But there are signs that the abundance of animated movies may be nearing a saturation point as family audiences confront a growing number of choices over what they choose to spend their movie dollars on. "We're all sitting at a very delicate point," said Chris Meledandri, chief executive of Illumination Entertainment, which produced the hit "Despicable Me" films with Universal Pictures.
CALIFORNIA | LOCAL
October 23, 2001
About 40 representatives from Hollywood studios and television networks met with Gov. Gray Davis, the mayor and police chief of Los Angeles and other officials Monday to discuss safety precautions since the terrorist attacks. During a two-hour meeting at the Beverly Hilton, Mayor James K. Hahn and Police Chief Bernard C. Parks went over security measures the city has taken. Studio heads, network executives and security officials asked questions about how best to protect their studios.
December 17, 2005 |
Studios and the union representing Hollywood's blue-collar workers reached an agreement late Friday on a contract calling for higher pay and increased health and pension benefits. The new three-year contract, replacing one expiring July 31, affects 30,000 film and TV workers belonging to 18 locals of the International Alliance of Theatrical Stage Employees. The pact will be sent to members in about one month for ratification.
September 30, 2010 |
For the last five years, Ryan Kavanaugh has been one of Hollywood's go-to people to share the risk on movies. The chief executive of Relativity Media has invested in 138 films, most of them at Sony Pictures and Universal Pictures, where his company has long-term agreements to co-fund 75% of both studios' film slates. Co-financing movies can be an easy way to lose money ? a large reason the flood of private equity funds that flowed into Hollywood several years ago dried up. And Relativity has seen the downside in the last couple of years through its association with a string of money losers from Universal, including "Land of the Lost" and " The Wolfman.