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The Burbank company has a hangover from its big streaming push. The stock has struggled, investors are restive and its key studios have been stretched.
The SAG-AFTRA board has approved a landmark deal to end the union’s strike. The vote clears the way for guild members to approve or reject the contract.
Hollywood’s twin strikes translated into a lost year of production for much of the industry with productions idle since last spring. SAG-AFTRA’s strike against major media companies stretched 118 days.
If approved by union members, the tentative contract would end a strike that lasted nearly four months and shut down Hollywood film and TV productions.
Last week, the studios were optimistic and SAG-AFTRA was ‘cautiously optimistic’ that the actors’ strike could be resolved soon. Why hasn’t it ended?
Performers’ union SAG-AFTRA is reviewing what the studios say is their ‘last, best and final offer’ to end the nearly 4-month-old actors’ strike.
Disney said it expects to pay $8.61 billion for its stake in the popular streaming service, which offers such acclaimed fare as “The Bear” and “Only Murders in the Building.” But Comcast wants considerably more for its 33% of Hulu.
“I will not cave,” “The Nanny” star and SAG-AFTRA President Fran Drescher says in an interview, as the actors’ strike reaches 100 days. Talks with the major studios were suspended earlier this month.
Prosecutors have taken steps toward refiling charges against Alec Baldwin in the deadly accidental shooting of cinematographer Halyna Hutchins on a New Mexico movie set.
From theme parks to animation and kids’ programming, Walt Disney Co. has revolutionized the entertainment business since its launch a century ago.
