Sony Pictures CEO Tony Vinciquerra Says Strike Deals Driving Business Overseas [Yahoo! Finance]
Fox Corporation - Class A (FOXA)
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Source: Yahoo! Finance
the long-term consequences of last year's Hollywood strikes will be more film and TV production leaving the U.S. at a time when the overall industry is contracting. Speaking at the international television market MIPCOM on Monday, Vinciquerra, who is stepping down as SPE boss at the end of the year, said the tough new terms in the SAG-AFTRA and WGA agreements — “both the length of [contracts] and the contract terms” mean productions are increasingly going abroad to shoot. “The impact that has had on business has been far more severe than anyone understands, and it's still impacting us, both on the film and the television side,” he said. More from The Hollywood Reporter “We tried to convince [the unions], we tried to talk to the unions about what we thought would happen, and now it is happening,” said Vinciquerra. “While the unions were all yelling about corporate greed, somewhere in the neighborhood of 15,000 non-union jobs disappeared in our industry over the last two or three
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FOXA
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- 11/4/24 - Beat
FOXA
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- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- FOXA's page on the SEC website