The media conglomerate expects its fiscal 2024 capital expenditure to total roughly $6 billion and spend on produced and licensed content to be about $25 billion.
Writers walked off the job in early May after no consensus was reached regarding compensation, minimum staffing of writers' rooms & the use of artificial intelligence.
The WGA went on strike in May after negotiations reached an impasse over compensation, minimum staffing of writers' rooms and the role of artificial intelligence.
The ceremony was slated to be telecast on 18 September, and the LA Times reported that a January date is contingent on a resolution to disputes between studios & guilds.
The unions said NBCUniversal infringed its freedom to picket and endangered its members by obstructing a public sidewalk next to the company’s studio lot in California.
The SAG-AFTRA, which represents over 1,60,000 actors, stunt performers & others, called for a strike last week after union negotiators stated that they were unable to reach an agreement.
A SAG-AFTRA strike, representing 160,000 actors, would push the heat on Hollywood studios already grappling with a nearly two-month work halt by the Writers Guild of America.
One rough measure of the current toll is the number of permits issued for filming in Los Angeles. It has fallen 56% from a year ago, according to permitting organization FilmLA.
It is unclear how long the strike will last. No new talks have been scheduled between the Guild and the Alliance of Motion Picture and Television Producers.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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