Warner Bros. Discovery CEO David Zaslav acknowledges the Writers Guild of America (WGA) was right in their demands during the strike, stating that overpaying for talent or assets is not regrettable. The deal to end the strike is valued at $700 million. Additionally, a new film and TV studio, East End Studios, is being built in Sunnyside, Queens, with Mayor Eric Adams calling it a worthy rival of Hollywood. The project is expected to create around 1,000 construction jobs and 750 permanent full-time jobs. The strikes in Hollywood have led to an identity crisis and a need for studios to pay up as new union contracts take effect. Furthermore, David Zaslav's compensation package was $39.3 million last year, and the turmoil in his friendships is providing context for the drama at CNN.
After supporting screenwriters and actors through their months-long strikes, film and TV crew workers with the International Alliance of Theatrical Stage Employees (IATSE) are launching a reform caucus. The members say they want to democratize their union. https://t.co/bFGyRh7V24
After months of supporting the WGA and SAG-AFTRA strikes, film and television crew workers are taking center stage — launching the Caucus of Rank-and-File Entertainment Workers (CREW) to reform their union. https://t.co/bFGyRh7ncw
A group of Hollywood film and TV crew workers are trying to reform their union. https://t.co/bFGyRh7V24
NEW @PuckNews: David Zaslav is a Jack Welch understudy masquerading as a modern-day Jack Warner. In retrospect, the quixotic attempt to hide his true, vest-clad, cable cowboy self under the trappings of Hollywood moguldom was never going to pass the sniff test. But there's still… https://t.co/73nQBkpsoi
After supporting screenwriters and actors through their months-long strikes, film and TV crew workers with the International Alliance of Theatrical Stage Employees (IATSE) are launching a reform caucus. The members say they want to democratize their union. https://t.co/bFGyRh7V24
The Hollywood actors' strike has concluded. The proposed deal stipulates that film studios must obtain an actor's consent and provide compensation for using generated likenesses or performances. Learn more in #TheBatch: https://t.co/TgpPjtvFTV
Exciting projects are coming to Queens! @NYCMayor joined the groundbreaking of East End TV and Film Studios yesterday. Nearly 1,000 construction jobs and about 750 permanent full-time jobs are coming to Sunnyside. https://t.co/6B3AMBF84k
After rounds of layoffs, employees at Malcolm Gladwell's podcast company are unionizing https://t.co/khupb4j0Ax
For Variety VIP+ subscribers: Why the end of the hard-fought strikes is just the beginning of a transformative new era in entertainment https://t.co/UMEY0qWXqY https://t.co/pkeMbwJFir
From the WGA to David Zaslav to that Teamster leader with the cool tattoos, here are all the winners and losers from Hollywood’s existential crisis: https://t.co/HVPWMnMiSa
As the dust of the SAG/AFTRA and Writers Guild strikes finally begins to settle, @Netflix sends out an email blast about why it needs more cash from viewers: https://t.co/byE3fQKwnv
David Zaslav says the actors got too good a deal. This year, Zaslav was paid about $39,288,458, a decline from last year, . https://t.co/66cs9KxpSn
Hollywood's double strike might be over — but that means studios will now have to pay up as new union contracts begin to take effect. https://t.co/FmwdSzRxme
That comp package is only $8 million less than the $47 million the WGA originally said its proposed contract, pre-strike and unverified by a third party, would cost Warner Bros. Discovery back in May. More details: https://t.co/7Iys923k71 https://t.co/oGIvbmFLAR
The strikes are over, but corporate entertainment’s identity crisis–cum–reckoning is far from resolved. The question on industry insiders’ minds: What does Hollywood want to be now? https://t.co/DX2LE0FHjY
It didn't matter that David Zaslav, the chief executive of Warner Bros. Discovery, was friends with some of the network's biggest names when their jobs were on the line. The tumult in his friendships provides key context for the drama that has roiled CNN. https://t.co/liifev2r2Y
NYC Mayor Eric Adams Breaks Ground on $275 Million TV and Film Production Studio in Queens Post-Hollywood Strikes https://t.co/XMngzOMPIp
The Actors Strike Is Over. Who Won? https://t.co/1JGdb2M9X3
Thanks to SAG-AFTRA and the Writers Guild of America securing fair deals for their workers, film and TV production is back in New York City — helping more than 185,000 New Yorkers get back to work. 1,500 of those jobs will be right here at East End Studios in Queens. https://t.co/3J9nWHX2Yl
Now that the actors’ strike has been resolved, finally bringing Hollywood back to work again, the question lingers: Is David Zaslav, the CEO of Warner Brothers, saving Hollywood or wrecking it? https://t.co/miPy6ph9lS https://t.co/FyZUUpe6u0
A new film and tv studio is coming to Sunnyside, Queens! 🎞️ @NYCMayor and @MadeinNY broke ground on East End Studios today. The project is expected to create almost 1,000 construction jobs and around 750 permanent full-time jobs.… https://t.co/CW7MokltZm https://t.co/V4UYlNRy1q
Lights, camera, and even more action on The Working People's Tour! With this groundbreaking, East End Studios will add hundreds of jobs to our growing film and TV industry that already employs 185,000 hard-working people. https://t.co/bRqJ50fIym
Beloved Hollywood Genius David Zaslav Admits Writers Were Right 49 Days After Strike Ends https://t.co/9YDtODMZiY https://t.co/zqUoB68zxS
David Zaslav says okay, fine, the writers are "right about almost everything" https://t.co/NjYiqBXBvB https://t.co/RJHfiVhdJZ
Warner Bros. Discovery boss David Zaslav is admitting that striking writers were correct in their demands for sweeping changes in how creatives are compensated in Hollywood #THRNews https://t.co/APC79GX5YN
NYC Breaks Ground On East End Studios’ Sunnyside Campus; Mayor Eric Adams Calls Western Queens “Worthy Rival Of Hollywood” (click photo below for story) https://t.co/GOabYMFzNa https://t.co/hZAuNFgZMl
David Zaslav Says Studios Overpaid To End WGA Strike; Scribes Deal Valued At $700M (click photo below for story) https://t.co/3YzkzFlr3X https://t.co/qCV3XDpjTo
David Zaslav Says He May Be ‘Overpaying’ Writers Post-Strike — His Comp Package Was $39.3 Million Last Year https://t.co/gDYPOYdgJ3
Warner Bros. Discovery CEO David Zaslav says the WGA was “right about almost everything” during the strike. "So what if we overpay? I’ve never regretted overpaying for great talent or a great asset." https://t.co/38eLGx9osS
Warner Bros. Discovery boss David Zaslav now admits that striking writers were correct in their demands for sweeping changes in how creatives are compensated in Hollywood https://t.co/VbTfgOw51Q