WGA to Grammys: Don't hold your breath
January 15, 2008 | 10:22
am
There's been no WGA waiver granted for the Grammys so far, and one isn't likely to be on the horizon, according to a spokesman for the Writers Guild of America. That could set the stage for another picket line -- and for another awards show to tumble.
"The [Recording Academy] has not asked the WGA for a waiver or interim agreement for the Grammys," said WGA spokesman Gregg Mitchell. "While no guild decision has yet been made regarding the Grammys, if a waiver is requested for the Grammys, it is unlikely to be granted."
The Studio and Network Nero's are Fiddling While Hollywood Burns! Now that the AMPTP's original goal of provoking this strike is being accomplished with these deals ending the AMPTP are losing without even being aware of it. The long term effects on media stock prices is yet to be felt from this strike. This and next years network DVD revenues for TV shows will be in the toilet and the Wall Street analysts will be like "why is this happening?" because they still don't understand the length of time before ROI payoff on media products and their now "evergreen" nature and how this affects studio bottom line. Instead they will blame the moguls for missing their share/dividend prices and the "Eisnering effect" will take place as CEO's etc are removed. In a strong market they might slide by but with the DOW dropping 250 points a day/week the soft Studio Financial underbelly will be exposed like a sub-prime mortgage. Also all this "equity financing" they have been drawing on for production will go bye-bye if production doesn't get back up to speed. Wall Street can't spend the money here? There are plenty of 2.0 dot com kids up in Northern California to take all the Wall Street production money we can't spend for them now.
Posted by: reelbusy | January 15, 2008 at 02:46 PM