BREAKING MOVIE/TV NEWS

Monday, January 07, 2008

From United Artists:

"The Writers Guild of America and legendary United Artists Films have reached a mutually beneficial independent agreement. While the details are not being disclosed in this announcement, the comprehensive agreement addresses the issues important to writers, including New Media.

As a result of this agreement, Writers Guild members will be able to work with United Artists while the strike against other companies continues.

The agreement is unique to United Artists Films and does not involve Metro-Goldwyn-Mayer Studios Inc. (MGM), a shareholder of United Artists Entertainment.

"United Artists has lived up to its name. UA and the Writers Guild came together and negotiated seriously. The end result is that we have a deal that will put people back to work," said Patric M. Verrone, president of the Writers Guild of America, West.

"This agreement is important, unique, and makes good business sense for United Artists. In keeping with the philosophy of its original founders, artists who sought to create a studio in which artists and their creative visions could flourish, we are pleased to have reached an agreement with the WGA," said UA co-owner and CEO Paula Wagner.

On the other hand, MGM released the folowing statement, saying that it does not agree with United Artists' decision:

Regarding United Artists Films seeking an interim agreement with the Writers Guild of America (WGA): Metro-Goldwyn-Mayer Studios Inc. (MGM) understands the desire of United Artists to resume its business activities, but respectfully disagrees with its decision to sign an interim agreement with the WGA.

MGM remains committed to working with AMPTP member companies to reach a fair and reasonable agreement with the WGA that positions everyone in our industry for success in a rapidly changing marketplace."