Lionsgate Signs Interim Deal with WGA24 Jan, 2008 By: Erik Gruenwedel
Lionsgate Jan. 24 follows The Weinstein Co., United Artists, CBS News, Spyglass Entertainment and others by signing an interim agreement with the Writers Guild of America.
The deal is similar to previous interim agreements that calls for, among other provisions, writers of re-used television and movie content distributed over the Internet and other new media to be paid 2% and 2.5%, respectively, of the distributor's gross receipts.
There is no change to the current DVD residual rate, which pays 3% for TV and 3.6% (movies) of the producer's gross receipts.
“We are pleased Lionsgate has joined the growing number of companies that have signed interim agreements with the Writers Guild,” said Patric Verrone, president of the Writers Guild of America, West, and Michael Winship, president of the Writers Guild of America, East, in a joint statement. “Lionsgate is considered a leader in the industry, and its signing an interim agreement again confirms that it is possible for both writers to be compensated fairly and respectfully for their work and for companies to operate profitably.”
The WGA has been on strike with the Alliance of Motion Picture and Television Producers since Nov. 5.