Hollywood Strike Date Set: What You Need to Know About IATSE’s Oct. 18 Deadline

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

Iatse strike
Tens of thousands of entertainment workers are on the cusp of striking against the trade group that represents Disney, Netflix, Apple and other industry giants. Union members will walk off of sets and onto picket lines starting on October 18 at 12:01 a.m. Pacific, unless an agreement is reached on a new contract, the International Alliance of Theatrical Stage Employees (IATSE) warned today.

Talks between union representatives and the Alliance of Motion Picture and Television Producers (AMPTP) have stalled for months but will continue this week "in the hopes of reaching an agreement that addresses core issues," IATSE said. A strike could grind film and TV productions to a halt across the U.S.

With the date for a potential mass walkout now set, it will function as both a deadline and another notch in the union's pressure campaign to convince the AMPTP to make concessions on a host of issues, including meal breaks, weekend rest periods and bigger payouts from streaming services.

"The pace of bargaining doesn't reflect any sense of urgency," union President Matthew Loeb said. "Without an end date, we could keep talking forever. Our members deserve to have their basic needs addressed now," he added.

The AMPTP — which also counts AT&T, Sony Pictures and Paramount as members — has not yet publicly responded to the October 18 deadline.

Today's announcement follows an October 4 strike authorization vote, which empowered Loeb to call a mass walkout over deadlocked negotiations. At the time, 53,411 union members voted overwhelmingly in support of the strike authorization.

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Office Hours: Apex Founder Ian Cinnamon on Why LA Is the Aerospace Capital of the World

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

​Ian Cinnamon
Ian Cinnamon

On this episode of Office Hours, Apex founder and CEO Ian Cinnamon discusses the importance of investing in space exploration and shares his thoughts on the evolving space ecosystem in Los Angeles.


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This Week in ‘Raises’: Measurabl Snags $93M, Selva Ventures Grabs $34M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Raises
Image by Joshua Letona

A local data management platform company lands fresh funding to help commercial real estate owners reduce carbon footprint, while one Los Angeles-based venture firm closes its second fund to accelerate the growth of emerging companies across health, wellness, beauty and personal care.

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McKinsey & Company Launches InLA Accelerator To Help Underrepresented Founders Tackle Startup Challenges

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

McKinsey & Company Launches InLA Accelerator To Help Underrepresented Founders Tackle Startup Challenges
InLA

In 2022, female founders saw a 28% decline in overall U.S. funding, while Black-led startups saw a 38% decline in total capital received. In an effort to increase funding for minority-led startups, global venture firm McKinsey & Company is launching InLA, an accelerator program for underrepresented founders.

“This effort is something that the firm has been really excited about for a long time,” Engagement Manager Elkhyn Rivas Rodriguez said. “There's obviously a meaningful and growing startup community out here and just from a diversity standpoint, LA is incredibly diverse and multi-ethnic and multicultural. So we think that there will be a really great pool of potential companies to partner with.”

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