Force Majeure Clauses Threaten First Look and Overall Deals as SAG-AFTRA and Writers Guild of America Strike Persists
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As the SAG-AFTRA and Writers Guild of America strike drags on, major Hollywood studios and streaming platforms are considering terminating first look and overall deals with writers using force majeure clauses. Industry insiders reveal that decision-makers may act as early as Aug. 1, affecting prominent names like Ryan Murphy, Shonda Rhimes, Taylor Sheridan, and Tyler Perry. However, safeguarded contracts for top-tier creators may lead to less significant fallout. The strike’s 90-day mark approaches, prompting concerns about potential financial losses, public relations challenges, and long-term implications for content production and distribution.
Team scoop: Focre majeuers on writer term deals may come as early 8/1 amid strikes. Interesting wrinkles, though, with mega-deal holders and (naturally) the threat of more terrible PR for the studios. (story w @JoeOtterson @GeneMaddaus @franklinavenue ) https://t.co/nwJapr3qEP
— Matt Donnelly (@MattDonnelly) July 28, 2023
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