WGA Strike

B. Riley analyst Eric Wold, who has stayed generally bullish on the movie theater business despite its recent trials, is now warning investors that the arrival of a “down box office year” has made him “increasingly cautious.” In a note to clients about his 2024 outlook, Wold wrote that he expects the stock performance of
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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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Mike Cavanagh, the president of Comcast who was recently named the de-facto head of NBC Universal, said the company remains “committed to reaching a fair deal [with actors and writers[ as soon as possible, so we can get back to doing what we do best, which making great content together.” In a change, he kicked
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It feels like Covid all over again, but it’s not. Disney has just made a slew of release-date changes, many due to the impact of the WGA strike and screenplays not being ready and productions paused. We already know that Thunderbolts and Blade are waiting the strike out before rolling cameras. Scripts aren’t fully ready
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Alex Newell of Shucked and J. Harrison Ghee of Some Like It Hot broke ground Sunday night as the first openly nonbinary Tony Award winners. Newell won for Best Actor in a Featured Role in a Musical and Ghee for Best Actor in a Lead Role in a Musical. Both drew huge ovations with acceptance
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AMC Entertainment CEO Adam Aron said the giant movie theater chain will start making its own candy line that will be cheaper for patrons, and for the company, given price hike by sweets manufacturers post-Covid. “We noticed, as a result of the pandemic and supply chain shortages, that candy manufacturers had increased their prices to
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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
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