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
WGA
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
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
Six weeks into the writers strike, the early returns on summer studio films have been some of the best since Covid brought the exhibition business to a screeching halt. But if SAG-AFTRA members trade lines of dialogue for picket lines beginning July 1, the business might well look like pandemic redux. The domestic box office
In a week when distributors and exhibitors are reconvening for their annual Las Vegas meet-up, CinemaCon, and celebrating the post-pandemic resurge of the box office, the motion picture industry is bracing for a potential WGA strike. With production and deal-making slowing down, especially with 98% of WGA West and WGA East authorizing a strike if