Film and Pen
Section

Media Industry

Coverage of the business and economic aspects of the media and entertainment industry, including mergers, acquisitions, and financial trends.

A busy film set in California under a bright sun, symbolizing the expansion of film tax credits and increased production activity.
Media Industry

California Expands Film Tax Credits to $750 Million

California's Film and Television Tax Credit program has nearly doubled to $750 million, now offering tax credits ranging from 35% to 45% for qualifying productions, according to Business Ca .

Leo Hartmann· Jul 10· 3 min read
A symbolic representation of the merger between Dattner Dispoto Associates and Worldwide Production Agency, showing two distinct office buildings converging into one powerful global entity.

Dattner Dispoto Associates and Worldwide Production Agency Merge

Leo Hartmann · Jun 24
A vibrant film set at night, with crew and equipment under bright lights, symbolizing the $500 million investment in film and TV production by Allegro Finance.

Allegro Finance Launches $500M for Film and TV Production

Amelia Frost · Apr 25
Film crew on a sustainable set, showcasing the integration of nature and technology in Illinois' green film production initiative.

Illinois Offers 5% Green Film Tax Credit for Sustainability

Amelia Frost · Apr 25
A cinematic image depicting a modern corporate office building with the Sony logo, and executives in a boardroom discussing strategic plans, symbolizing Sony Pictures' major reorganization and staff cuts.

Sony Pictures Announces Staff Cuts in Major Reorganization

Leo Hartmann · Apr 9
A modern corporate building with the Disney logo, conveying a sense of corporate change and restructuring under new leadership, reflecting recent job cuts.

Disney Plans Layoffs Under New CEO Josh D’Amaro, Cutting 1,000 Jobs

The Walt Disney Company is planning to cut as many as 1,000 positions, primarily within its marketing divisions, marking the first significant workforce reduction under new CEO Josh D’Amaro. This move signals a strategic shift toward operational efficiency and cost reduction.

Amelia Frost· Apr 9· 6 min
Writers and studio executives shake hands, symbolizing the WGA's tentative labor deal with Hollywood studios, addressing AI, health plans, and uncompensated labor.

Writers Guild Reaches Tentative Labor Deal With Major Studios

The Writers Guild of America has reached a tentative four-year labor deal with major television and movie producers, averting a potential work stoppage in Hollywood. This new pact addresses critical issues like health plan solvency, AI threats, and uncompensated labor.

Julian Mercer· Apr 6· 6 min