Major Studios Cancel Contracts With TV Writers

What You Should Have Read, Jan. 16, 2007

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Four Studios Cancel TV Writer Contracts
The Los Angeles Times reports that four major studios canceled dozens of writer contracts earlier this week, conceding that the current TV season cannot be salvaged. The move signals that development of next season's crop of new shows also could be in jeopardy because of the writers strike. Twentieth Century Fox Television, CBS Paramount Network Television, NBC Universal and Warner Bros. Television each confirmed they had terminated development and production agreements. By eliminating the deals now, the studios will no longer be obligated to pay the writers even if the strike ends in the next month or two. The action saves the media companies tens of millions of dollars and is the first real sign of belt tightening caused by the strike.
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