AFTRA-AMPTP talks stalled

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May 26, 2008 / Posted by: admin / Category: SAG/AFTRA Strike 2008

Despite pre-negotiation predictions that AFTRA would come to a quick deal with the AMPTP, to leapfrog SAG in making a primetime network deal for programming, in order to sign some shows away from SAG in order to keep those shows in production, is a scenario that has failed thus far to materialize.

AFTRA and AMPTP remain deadlocked over the issue of online clips licensing, with the key issue being over having to secure actors’ permission for the use of clips in which they are featured, an issue SAG also tangled with the AMPTP over. While the fees involved are not at issue as prominently, producers want to be able to use such clips online without first securing the permission of actors for each and every use; both AFTRA and SAG oppose producers on this issue, wanting to retain permission-granting powers for their members.

With the end of May approaching, time is growing short. Both actors unions have agreements that expire on June 30, and if agreement is not reached by then, Hollywood could be hit with a second production strike, this time by actors. The WGA writers strike shut down Hollywood for 100 days and robbed the entertainment industry of at least $1 billion in revenue, cost many people jobs, and the post-strike effect has depressed Neilsen ratings even after fresh programming returned to the air in April.

A second strike, by actors, could prove to be an industry-crippling blow, especially if it drags through the summer and postpones the start of the fall TV schedule, currently already regarded by many industry analysts as being essential to relaunch the network TV schedule in the hearts of viewers; if that relaunch is delayed, depressed Neilsens could linger well into the 2008-09 TV season and may never return to pre-WGA-strike levels.

If this labor dispute cannot be worked out without a strike, it could require a lot more than Austin Air air purifiers to remove the stench from the entertainment industry.

Indy posts $100+ million debut!

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May 26, 2008 / Posted by: admin / Category: Hollywood, Weekend box office

There are some Orlando vacations in the futures of all the folks involved in making Indiana Jones and the Kingdom of the Crystal Skull. The three-day total for Indy 4’s first weekend of release has reached an impressive $101 million domestically. With a Thrusday debut and a Memorial Day Monday added in, the film is set to make big bucks by the end of tonight.

With Monday total not yet in, Spielberg-Lucas-Ford action flick has so far grosses $126 million domestically and $146 million overseas, for a grand total of over $272 million combined; not bad for a movie that had a production budget of $185 million.

Prince Caspian, the second film in the Narnia Chronicles, based on the series of children’s stories by C.S. Lewis, did well enough to retain second place, but at $23 million, saw a huge, 58-percent dropoff from its debut week. Boasting a production budget of $200 million, Prince Caspian’s two-week total is $96 million domestically, and $22 million overseas, for a disappointing two-week total of only $118 million. This could make it difficult for the sequel to make its money back prior to DVD release.

That’s not a problem for Iron Man, which held on to the third spot in the box office race with an additional $20 million domestically. In release not for over three weeks, Iron man has taken in $257 million domestically and $228 million oveseas, for a staggering total of just inter $486 million; considering the film’s relatively slim $140 million budget, Iron Man stands now shoulder-to-shoulder with Spider-Man as one of Marvel Studios’ most profitable franchises.

What Happens in Vegas made just over $9 million in fourth place and then there was a huge dropoff as Speed Racer couldn’t even draw $4 million to take fifth place. Speed Races has only barely topped $36 million, contrasted to its $120 million budget, guaranteeing its stink-bomb status in this summer movie season; even with foreign box office added in, the film has barely made half of its investment back, at $61 million, and with business dropping like a rock, the best hope for producers to make their money back on Speed Racer is DVD/Blu-Ray sales.

This coming weekend is likely to be the least competitive of May, as Sex and the City and the thriller The Strangers are the only two new entries; both flicks seem unlikely to unseat Indy 4, and depending on the dynamics of the weekend, could potentially have trouble unseating Prince Caspian and Iron Man from the Top 3 spots as well.