No menu items!

Lionsgate suspends deals with non-writing producers amid ongoing Hollywood strikes By biedexmarkets.com

Stock MarketsLionsgate suspends deals with non-writing producers amid ongoing Hollywood strikes By biedexmarkets.com

© Reuters.

In the latest development in the ongoing Hollywood strikes, Lionsgate Television has suspended overall and first-look deals with non-writing producers who are not currently providing services due to the WGA and SAG-AFTRA strikes. This move comes as the strikes approach day 140, with negotiations between the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) set to resume later this week.

The suspension affects several studios including Feigco Entertainment, The Tannenbaum Co., Timberman/Beverly Productions, Groundswell Productions, and “Power” Universe star Joseph Sikora. Despite the suspension, Lionsgate plans to continue paying assistants and development executives under the suspended deals until October 1, with potential extensions if deemed necessary.

This decision by Lionsgate follows similar actions taken by other studios such as Disney, Apple (NASDAQ:), NBCUniversal, Warner Bros. TV, and CBS Studios over the past few weeks. These suspensions predominantly impact non-writing executive producers.

Disney and CBS Studios have pledged to continue paying salaries for impacted assistants through the end of 2023. Development executives at Disney will also receive their salaries through the first week of October.

The first wave of suspensions began in early May, primarily affecting writers just days into the WGA strike. The industry has seen more rolling suspensions over the past couple of months as more producers concluded work on shows amidst an industry-wide production shutdown.

As the WGA and SAG-AFTRA strikes continue into the fall, there is a glimmer of hope as negotiations between WGA and AMPTP are set to resume this Wednesday.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Unlock Your Profit Potential: Actionable Stock News, Trading Signals, and More for Savvy Investors

Supercharge Your Investment Strategy Today with the Ultimate Streaming Platform and Premium Tools

Explore more

Unlock Your Profit Potential: Actionable Stock News, Trading Signals, and More for Savvy Investors

Supercharge Your Investment Strategy Today with the Ultimate Streaming Platform and Premium Tools

Universal Music Declares War on Streaming Noise

Universal Music Declares War on Streaming Noise

Under the new model, Deezer promises to separate professional artists from the musical clutter of hobbyists, functional music, and system-gaming bots, and to future-proof...
ai stocks to buy - Missed Out on NVDA and META? 3 More AI Stocks to Buy Before It’s Too Late

Missed Out on NVDA and META? 3 More AI Stocks to...

Artificial intelligence (AI) captured the imagination of investors this year like few other industries. PwC said AI will add $15.7 trillion to the global...
Shiba Inu price dips over 5% following the launch of Ethereum L2 chain Shibarium

SHIB deposits to exchange fall to 30-month low

...
US subsidies appealing to German companies, survey shows By Reuters

Exclusive-Coal from Russian-annexed Ukraine sold in NATO member Turkey

2/2 © Reuters. FILE PHOTO: Miners work inside the Lutugin coal mine in Chystiakove (Torez) in the Donetsk Region, Russian-controlled Ukraine, August 9, 2023. REUTERS/Alexander...
Lowe's warns of dull 2023 sales as home improvement market likely to shrink By Reuters

BMO to close auto retail finance business amid rising bad debt...

© Reuters. Bank of Montreal (TSX:BMO), also known as BMO Financial Group, has announced plans to shutter its indirect retail auto finance business. This...
Dollar droops as bets build for Fed pause, yuan at 6-mth low By Reuters

Asian stocks decline ahead of Federal Reserve’s decision on interest rates...

© Shutterstock Asian shares fell today, Tuesday, as investors adopted a cautious stance ahead of the Federal Reserve's impending decision on interest rates. ...
UK house prices fall by most since 2012, mortgage approvals drop By Reuters

Sunac, Country Garden debt deals bring respite for China’s property sector...

2/2 © Reuters. FILE PHOTO: A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu...
Bulls hesitate after strong US employment figures

Reverses recent gains to near 1.0680, Eurozone final CPI eyed

...
Universal Music Declares War on Streaming Noise

Universal Music Declares War on Streaming Noise

Under the new model, Deezer promises to separate professional artists from the musical clutter of hobbyists, functional music, and system-gaming bots, and to future-proof...
ai stocks to buy - Missed Out on NVDA and META? 3 More AI Stocks to Buy Before It’s Too Late

Missed Out on NVDA and META? 3 More AI Stocks to...

Artificial intelligence (AI) captured the imagination of investors this year like few other industries. PwC said AI will add $15.7 trillion to the global...
Shiba Inu price dips over 5% following the launch of Ethereum L2 chain Shibarium

SHIB deposits to exchange fall to 30-month low

...
US subsidies appealing to German companies, survey shows By Reuters

Exclusive-Coal from Russian-annexed Ukraine sold in NATO member Turkey

2/2 © Reuters. FILE PHOTO: Miners work inside the Lutugin coal mine in Chystiakove (Torez) in the Donetsk Region, Russian-controlled Ukraine, August 9, 2023. REUTERS/Alexander...
Lowe's warns of dull 2023 sales as home improvement market likely to shrink By Reuters

BMO to close auto retail finance business amid rising bad debt...

© Reuters. Bank of Montreal (TSX:BMO), also known as BMO Financial Group, has announced plans to shutter its indirect retail auto finance business. This...
Dollar droops as bets build for Fed pause, yuan at 6-mth low By Reuters

Asian stocks decline ahead of Federal Reserve’s decision on interest rates...

© Shutterstock Asian shares fell today, Tuesday, as investors adopted a cautious stance ahead of the Federal Reserve's impending decision on interest rates. ...
UK house prices fall by most since 2012, mortgage approvals drop By Reuters

Sunac, Country Garden debt deals bring respite for China’s property sector...

2/2 © Reuters. FILE PHOTO: A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu...
Bulls hesitate after strong US employment figures

Reverses recent gains to near 1.0680, Eurozone final CPI eyed

...