The International Alliance of Theatrical Stage Employees (IATSE), the labor union that represents Hollywood film stage workers, has set an October 18 deadline to reach a deal with the studios. Read more...
Here's what else we're reading in the news:
- Trans employees at Netflix are staging a walkout to protest the company's response to criticism of Dave Chapelle's comedy special.
- TikTok says it removed almost 82 million videos that contained hateful, harassment, bullying content from its platform between April and June.
- 100 Thieves has acquired Higround, a computer hardware company that designs keyboards for gaming.
- Rivian is opening an in-person hub in Venice for retail and other public gatherings.
- The Port of Los Angeles will begin operating 24/7 to ease a congestion of shipping containers that is causing a supply shortage in the U.S.
- Rocket Lab, a Long Beach rocket maker, has acquired Advanced Solutions Inc., a Colorado-based software company, for $40 million.
- The Ford Motor Company has vacated its seat in Rivian's board of directors.
What's at Issue in These Hollywood Negotiations?
The threat of a strike serves as leverage for IATSE to win concessions from studios on a host of issues, including meal breaks, weekend rest periods and bigger payouts from streaming services. If no deal is reached then, the union will call a strike. At the time of this writing, the Alliance of Motion Picture and Television Producers (AMPTP) — the group that represents the studios — had not yet publicly responded to the October 18 deadline.
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