Lionsgate suspends deals with non-writing producers amid ongoing Hollywood strikes

In the latest development in the ongoing Hollywood strikes, Lionsgate Television has suspended overall and first-look deals with non-writing producers who are not currently providing services due to the WGA and SAG-AFTRA strikes. This move comes as the strikes approach day 140, with negotiations between the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) set to resume later this week.

The suspension affects several studios including Feigco Entertainment, The Tannenbaum Co., Timberman/Beverly Productions, Groundswell Productions, and "Power" Universe star Joseph Sikora. Despite the suspension, Lionsgate plans to continue paying assistants and development executives under the suspended deals until October 1, with potential extensions if deemed necessary.

This decision by Lionsgate follows similar actions taken by other studios such as Disney, Apple (NASDAQ:AAPL), NBCUniversal, Warner Bros. TV, and CBS Studios over the past few weeks. These suspensions predominantly impact non-writing executive producers.

Disney and CBS Studios have pledged to continue paying salaries for impacted assistants through the end of 2023. Development executives at Disney will also receive their salaries through the first week of October.

The first wave of suspensions began in early May, primarily affecting writers just days into the WGA strike. The industry has seen more rolling suspensions over the past couple of months as more producers concluded work on shows amidst an industry-wide production shutdown.

As the WGA and SAG-AFTRA strikes continue into the fall, there is a glimmer of hope as negotiations between WGA and AMPTP are set to resume this Wednesday.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: