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Blog the Line
only, not the ones you were thinking of. From the latest print issue of BTL:
Union Roundup
By
Mark London Williams
We are pleased to lead off this edition’s column by reporting the successful conclusion of labor negotiations in Hollywood, as well as a large decision going the Writers Guild’s way on the subject of “new media” […]
From the Financial Times:
Credit crunch hits $1bn MGM finance plan
By Matthew Garrahan in Los Angeles and James Politi in New York
The credit crunch shaking world markets has hit Hollywood after Goldman Sachs and Deutsche Bank, which were trying to raise up to $1bn to finance films for Metro-Goldwyn-Mayer, withdrew their commitment to underwrite the deal. […]
So the New York Times takes on the whole history and idea of paying “residuals” in Hollywood, and if you haven’t read the weekend article by Brooks Barnes yet, you should.
It ends with a nice bit of history about how the whole “residual” concept got started:
When residuals started in the entertainment business, television was […]
