July 4, 2001 |
Negotiators for studios and 135,000 actors agreed late Tuesday on a new film and TV contract, ending one of Hollywood's longest and most tense periods of labor unrest. The tentative three-year deal, coming two months after writers settled their contentious negotiations, ends any threat of a devastating strike this summer. It also caps an extraordinary turnaround in Hollywood's labor fortunes.
June 27, 2001 |
Residuals paid for programs shown on cable TV remained a major obstacle Tuesday as contract talks between Hollywood studios and actors unions continued to creep toward a midnight Saturday expiration date. Although both sides in the talks have downplayed the potential of a strike, sources involved in the negotiations said frustrations have risen this week. Three other issues are also proving sticky: minimum payments to actors (actors want a 5% raise, compared with a studio offer of 3.
May 10, 2001 |
The fallout from averting a strike by Hollywood writers appears to have claimed at least one series as a casualty. The Fox television network pulled the plug Wednesday on a Paramount series it had ordered in advance as a hedge against possible work stoppages this summer. The network, a division of News Corp., dropped "When I Grow Up" even though Paramount has completed a half-dozen episodes of the series, rushed into production several months ago to beat the strike deadline.
May 8, 2001 |
Shares of the major media conglomerates showed no significant reaction Monday in the wake of Friday's settlement of a new contract with television and film writers, suggesting that investors believed the companies had little to lose if a deal hadn't been struck, analysts said. A limited work stoppage by writers would not have hurt the bottom lines of such studio parent companies as News Corp., Walt Disney Co., AOL Time Warner Inc. and Viacom Inc., according to the analysts.
May 5, 2001
Warner Bros. Chairman and Chief Executive Barry Meyer, right, was the backroom business brain behind the studio's television operation before being catapulted to the front office 18 months ago. He has built a reputation as an astute deal maker. Paramount Pictures Chairwoman Sherry Lansing is the highest-ranking woman in the movie business and a former producer whose credits include "Indecent Proposal" and "Fatal Attraction."
May 5, 2001 |
Hollywood studios and writers finally called it a wrap Friday afternoon, ending a weeklong cliffhanger by reaching agreement on a new three-year labor contract that averts what would have been a pummeling entertainment industry strike. The agreement was valued by the Writers Guild of America and the industry's Alliance of Motion Picture and Television Producers at about $41 million over three years, less than the nearly $100 million writers had hoped for.