Actors, studios reach tentative deal
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 9 November 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, today is Thursday, November 9th. I'm Julie Morgan. |
| 0:11.0 | A showbiz truce in Hollywood as actors in studios strike a tentative deal. |
| 0:16.5 | AMC gets a big boost from Barbinheimer, but what's next? |
| 0:20.8 | And Eli Lilly has extended the expiration of a tender offer. |
| 0:26.1 | The actors in studios have reached a tentative agreement to end a strike that lasted almost |
| 0:31.1 | four months. The actors strike which lasted 118 days ended at midnight. |
| 0:36.7 | The next step is for the Screen Actors Guild American Federation of Television and Radio Artists Board |
| 0:42.1 | to meet on Friday to review the final deal. |
| 0:45.5 | Then it needs to be ratified by the members. |
| 0:48.5 | According to a statement on the SAC-AFTRA website, the contract is valued at over $1 billion, and they received |
| 0:54.8 | unprecedented provisions for consent and compensation that will protect |
| 0:59.4 | members from the threat of AI. However, the full details of the agreement will not be provided |
| 1:05.2 | until it has been reviewed by the board. Talks between SAGAstra and the Alliance of Motion Picture |
| 1:11.0 | and Television producers restarted in recent days after ending last month. |
| 1:16.1 | Over the weekend, the studios presented what they called their last best and final offer. |
| 1:21.5 | The end of the Actor Strike strike comes after the writers and |
| 1:24.4 | studios reached an agreement in late September to end a strike between the two sides. |
| 1:29.5 | AMPTP represents major studios including Amazon, Apple, Disney, NBC Universal, Netflix, Paramount, |
| 1:38.0 | Sony, and Warner Brothers Discovery. |
| 1:41.6 | Sticking with the Hollywood theme, AMC Entertainment Discovery. The company's results were buoyed by the massive success of Summer releases Barbie and Oppenheimer. |
| 1:56.3 | The world's largest cinema chain delivered a Q3 adjusted loss per share of 9 cents, |
... |
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