Buying and selling movie scripts has been a thing since ‘Pulp Fiction,’ but now, Hollywood is transforming the trend from a nerdy side-hustle to a major source of revenue and prestige. “If the bulk of the proceeds from a screenplay book flow directly to a writer, then they should absolutely publish more of them,” Capps says. “In my experience, the industry has developed very efficient systems to deprive writers of the money they’re owed.”

Source: Hollywood’s Newest Money-Making Scheme Is… Books

His departure from the company will be effective upon closing of the proposed acquisition of Hipgnosis Songs Fund Limited by Lyra Bidco Limited, a company owned by Blackstone-managed funds. Blackstone already owns two other elements of Hipgnosis — the investment fund Hipgnosis Songs Capital and the advisor Hipgnosis Song Management.

Source: Merck Mercuriadis to Exit as Hipgnosis Song Management Chairman Ahead of Blackstone Acquisition

The tentative deal on a new Basic Agreement includes additional benefits plan funding and AI protections, according to a memo to IATSE members. The tentative Basic Agreement — which comes more than a month before the current contract was due to expire on July 31 — will calm fears of another industry shutdown so soon after last year’s double strikes.

Source: IATSE, AMPTP Reach Tentative Agreement on New Contract