SAG-AFTRA

Warner Bros. Discovery’s third quarter was mixed with ‘Barbie’ coin and free cash flow beloved by Wall Street offset by sluggish advertising and the impact of the actors’ strike on the one of the industry’s biggest content creators. Streaming, which turned profitable in the first quarter ahead of most rivals, but lost $3 million in
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Imax CEO Rich Gelfond predicts the long SAG-AFTRA strike will settle relatively soon. If, instead, it drags on, theater chains will face a rocky second half of 2024 but he sees the large-format exhibitor standing apart. “An exhibitor who programs a multiplex needs lots of movies,” he told Wall Streeters after Imax reported a record
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Big media shares, which rose in pre-market trading Monday, opened lower at the bell and are still trending down midday after the Writers Guild reached a tentative deal with studios to end their prolonged strike. Renewed market jitters over inflation, interest rates and a potential government shutdown appeared to have offset relief that Hollywood is
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Sony Pictures Entertainment chairma-CEO Tony Vinciguerra figures Taylor Swift: The Eras Tour could gross $200 million, calling it a “massive, unexpected rescue” for movie theaters as Hollywood strikes have led to shifting release dates and slowed the production pipeline, casting a damper on this year’s vigorous box office recovery. “The exhibitors are our friends there’s
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Cinemark CEO Sean Gamble said Hollywood strikes currently delaying the production, and promotion, of new films won’t affect “key fundamentals” of a revived exhibition business although they might extend the “recovery trajectory of theatrical film volume a bit.” “We know that our studio partners are doing everything they can to minimize the disruption of content
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Expressing solidarity with Hollywood actors on Day 1 of the SAG-AFTRA strike, specialty distributors polled were anxiously juggling opening weekend Q&As and movie premieres without talent. They were trying to clarify which actors on what international productions are SAG-AFTRA, bound by the guild, or neither. And, for those involved in production, trying to pin down
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