The good news is summer box office hit $4 billion, which is on track to come close to the pre-pandemic levels. This is actually great news as an indicator audiences have returned to cinemas.
The bad news is the strike continues and is devastating film and tv workers lives, albeit in support of negotiations, for which the entire industry is sacrificing. This deeply affects people, film and tv development, film financing, casting, writing, etc.
On the positive side, now is a great time to refine, update, create your materials for film finance and production. Prepare your project with strong materials (great resources, webinars here @stage32), move your pitch deck, film budget, and screenplay forward to be ready when the strike ends and production resumes full force.
Good article in the Los Angeles Times with details on the current state of play:
https://www.latimes.com/entertainment-arts/business/newsletter/2023-09-0...
4 people like this
Thank you for sharing this update, Jack Binder!
3 people like this
It's great to see the box office hitting $4 billion, Jack Binder. I read that California has lost about $5 billion in economic value. $2 billion more than what was expected. I hope the strikes are over soon for the writers, actors, other crew members, workers in other industries who are impacted, and their families. I've been doing what you suggested (get projects ready for when the WGA strike ends). I've been working on new scripts and updating old projects (scripts and pitch material).
2 people like this
Jack Binder , thankful for the information. Great hearing the good news. Hope for the best, with the bad news!
3 people like this
Thanks for sharing, Jack Binder. I cannot wait for these strikes to end and for everyone effected to get back to work.
2 people like this
Industry in Limbo-land that stretches on and on. Yes, hunker down and prepare for the dam to burst.
2 people like this
You might be right, Prema. Burst it just might.
1 person likes this
And will!