Yep, It’s Slow: How A Potential Strike & Industry Pivoting Has Hollywood At A Standstill
deadline.comNo, it’s not just you. Everyone is feeling like the entertainment industry has been stalling out as the WGA and the Alliance of Motion Picture and Television Producers attempt to hammer out a new film and TV contract before May 1, when the current one expires.
With widespread belief that a strike is all but certain, any new business is being tabled until the networks and streamers have a better idea of what is going to happen in the coming weeks.
That has meant way fewer pitches, since the chance of a sale is slim. They “are not taking any risks and are feeling paralyzed,” as one seller put it of buyers. “No one is buying.
This is the worst marketplace that I have ever experienced,” a veteran studio executive lamented. “Some places are still hearing pitches, but at this point the expectation going into the room is that they’re probably going to say no unless for some reason it checks off every single box,” adds one high-powered agent.
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