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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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CAA President: Warner Bros.' Streaming Bet Will "Dramatically" Impact Clients' Backend Pay
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hollywoodreporter.comAs Hollywood reckons with Warner Bros.' unprecedented streaming bet — the studio is sending 17 of its films directly to its parent company's service HBO Max in 2021 — talent agency CAA is objecting to the details of the plan.
In a letter from CAA president Richard Lovett to WarnerMedia CEO Jason Kilar, the agency calls the deal a violation of "trust and boundary." "Your determination to release our clients’ movies on HBO Max at the same time as in theaters effectively torpedoes the theatrical release and dramatically harms our clients’ ability to earn backend compensation, which they negotiated for, expected, and have every right to protect," the CAA letter from its leadership team read.(Deadline first reported the letter.) The note added:.
Read more on hollywoodreporter.com
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