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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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SAG-AFTRA Accuse Studios Of “Bully Tactics” & Misrepresentation Over Revenue Sharing Proposal Costs As Negotiations Crater

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deadline.com

The latest round of talks between the studios and SAG-AFTRA on ending the 92-day strike have collapsed tonight and now he Fran Drescher-led guild are accusing the AMPTP of using “bully tactics” and “the same failed strategy they tried to inflict on the WGA.” Read SAG-AFTRA’s full statement below “We feel the pain these companies have inflicted on our members, our strike captains, IATSE, Teamsters and Basic Crafts union members, and everyone in this industry,” SAG-AFTRA said in the early hours of Thursday after the studios slammed them for costly demands and abandoning  “productive negotiations” after less than two weeks. “We have sacrificed too much to capitulate to their stonewalling and greed.

We stand united and ready to negotiate today, tomorrow, and every day,” the Drescher and chief negotiator Duncan Crabtree-Ireland led TV/Theatrical Negotiating Committee added.

Since the restarting of deliberations between the parties on October 2, after the WGA made a tentative deal with the studios on September 24 and ended their nearly 150-day strike several days later, SAG-AFTRA have been hunkered down bargaining with the CEO Gang of Four and AMPTP boss Carol Lombardini Warner Bros Discovery’s David Zaslav, Netflix’s Ted Sarandos, NBCUniversal’s Donna Langley and Disney’s Bob Iger were all present today at SAG-AFTRA’s Wilshire Blvd HQ for a longer than usual session, the second this week.

Cited as “much rockier than usual,” by one industry source, the meeting and the talks overall were suspended after the two sides could not find a way to mutually cut the Gordian knot of SAG-AFTRA’s revenue sharing proposal.

Read more on deadline.com
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