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RKO leads the Way!!!! - CinemaDave

Jan. 25th, 2008 09:50 pm RKO leads the Way!!!!

Since I am one of the last employees to work for RKO Radio,
I took pride in this latest news break from http://news.yahoo.com/s/nm/20080126/tv_nm/rko_wga_dc_1;_ylt=AjFGfLbgq0teVCryNH85DtYE1vAI

LOS ANGELES (Hollywood Reporter) - RKO Productions is the latest company to sign an interim comprehensive agreement with the Writers Guild of America, the guild announced Friday.

The agreement is similar to those struck by the WGA and several production companies and studios, including Lionsgate, Marvel Studios, The Weinstein Co., United Artists, Sidney Kimmel Entertainment, Spyglass Entertainment, MRC, Jackson Bites, Mandate Films and Worldwide Pants.

"The negotiation with the guild was smooth and businesslike; they kept their agreement and we kept ours," said RKO's CEO, Ted Hartley. "This now releases the pent-up energies of the talented executives, producers and writers at RKO. We all are eager to get back to creating great films and innovative programming today."

Next week RKO will announce its production schedule, which includes several film projects and plans to finance, produce and distribute new versions of a number of classic RKO films from its 1,300-title library.

In a joint statement, WGA East president Michael Winship and WGA West president Patric Verrone said, "In the past, RKO gave the world such classics as 'King Kong,' 'Citizen Kane' and 'It's a Wonderful Life.' Now it looks to the future, signing an interim agreement that recognizes fair and respectful compensation for writers on the Internet and in new media."

Reuters/Hollywood Reporter

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