Sony Chief Tony Vinciquerra Issues Warning About Negative Effect of Union Contract Terms on U.S. Production
Reading now: 145
variety.comLeo Barraclough International Features Editor Tony Vinciquerra, Sony Pictures Entertainment CEO, issued a warning Monday that the union deals that halted the Hollywood strikes are forcing production out of the U.S.
Speaking at the TV market Mipcom in Cannes, where he received the Variety Vanguard Award, Vinciquerra said that the cost differential between the U.S.
and other countries and regions like the U.K., Australia and Eastern Europe meant that Hollywood productions would continue to migrate abroad.
He put this down to the lower cost of crew overseas and higher tax incentives there. “The contract terms are forcing productions out of the U.S.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
