Millions went on strike on Wednesday, the latest display of opposition to Prime Minister Narendra Modi's reform package.» Read More
I spoke exclusively with Michael Lynton, the Chairman and CEO of Sony Pictures Entertainment, about the impact of the work stoppage on his business, and on Hollywood. The video clips are below. Sony's business if focused largely on making movies, which have a long time horizon, so Sony fared much better than its rival studios that own TV networks.
The 100 day-long writers strike is officially over. After voting overwhelmingly to return to work Tuesday afternoon, writers returned to the job. It's clear just driving around Los Angeles that things are picking up again--the traffic's much worse! (No joke). Writers and the studios are rushing to throw together pilots for the fall TV season.
General Motors will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
It's about time. The writers guild strike is coming to an end and Hollywood should be back at work by Wednesday. The Writers Guild leadership unanimously approved the tentative deal made with the studios, and now the only step left, is the Writers Guild membership vote on Tuesday at the Writers Guild theater.
A deal has been struck between the major media companies and their striking writers, former Walt Disney chief executive Michael Eisner revealed on CNBC.
Yes, the game was incredible. So good, you could argue that, for once, the Super Bowl commercials took a back seat to the game. But for two automakers, Audi and Hyundai, the big game was big chance to show off two big models. Audi's spot for the new R8 ran early in game and played off the famous scene in "The Godfather"...
Informal talks between representatives of Hollywood’s striking writers and production companies have eliminated the major roadblocks to a new contract, which could lead to a tentative agreement as early as next week, according to people who were briefed on the situation but requested anonymity because they were not authorized to speak.
The Writers Guild strike is 12 weeks old and wreaking havoc on the TV biz. There's no new scripted programming. The Oscars are less than a month away, and with no promises yet from the WGA that they won't picket, there are serious fears it could turn into another movie-clip heavy press conference. We've got reality TV alright, tons of it--but the viewers aren't satisfied.
In asking you last week if now is a good time to buy a new car or truck, I was struck by how many people said, "Now, is not the time, but this spring it will be. That's when the auto companies roll out big discounts as sales slow down." Seems we've all become conditioned to expect spring sales.
Film and television studio Lionsgate on Thursday said it reached an interim agreement with the Writers Guild of America enabling striking Hollywood writers to work on its projects.
I've been talking to reliable sources, and Lions Gate is about to announce an interim deal with the Writers Guild. It makes sense for a number of reasons--it allows them to produce the next season of Weeds and Mad Men and get those popular shows on air without delay.
Hollywood was hibernating and now there's finally a thaw. Thanks to the DGA making a deal with the AMPTP, the Writers Guild is in its third day of 'informal talks.' There were even more informal talks before this, but apparently these don't quite count as official just yet.
On the Ford 4th quarter earnings conference call, CEO Alan Mulally confirmed what we expected (more buyouts for Ford's hourly workers) and made it clear, this may not be the end of the cuts.
Striking Hollywood writers will meet face to face with studio executives this week for the first time since their contract talks collapsed on Dec. 7, the two sides said Tuesday.
News crossed the wires last night: The DGA just announced it's made a tentative deal with the producers associations, the AMPTP. They've been in meetings since last Monday and it seemed clear they wanted to find a compromise. Though the DGA's contract doesn't expire until June 30, they wanted to get negotiations moving and everyone back to work.
The Hollywood directors' union reached a contract deal with major film and television studios on Thursday -- a move likely to turn up pressure to settle a 10-week-old strike by screenwriters.
This afternoon, GM investors got the kind of good news they've been craving for several months. Talking with analysts in Dearborn, Michigan, GM's Chairman and CEO Rick Wagoner said the company plans to save an additional $5 billion by 2011.
The Austrian capital is the city where the old EU meets the new EU. Teeming with international organizations, it's also the city that was the first to foray into Eastern European banking and the destination for tasty pastry.
Good news for those who want their scripted TV shows back on air: The Directors Guild met all weekend long with the Producers Association, the AMPTP, and it sounds like they might be pretty close to a finding a compromise, which could prompt the writers to make a deal.
Film romance "Atonement" and movie musical "Sweeney Todd" claimed the top honors at the strike-plagued Golden Globe Awards on Sunday in a bare-bones news conference that lacked the usual Hollywood glamour.