S&P Equity Analyst Sees Renewed Uncertainties on Hollywood Labor Negotiations

May 2, 2008 3:55 PM EDT
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S&P Equity analyst, T. Amobi, sees renewed uncertainties on Hollywood labor negotiations.

Amobi said, "With Screen Actors Guild (SAG) contract with Alliance of Motion Picture and Television Producers (AMPTP) set to expire 6/30, we think unproductive round of talks raises specter of another work stoppage, after recent 100-day writers strike. With new media at core issue in AMPTP's deals with directors and writers guilds, we are somewhat surprised that AMPTP/SAG talks have bogged down on DVD residuals (though still a cash cow). We note separate talks start May 5 between AMPTP and American Federation of TV and Radio Artists, which broke ranks with SAG after a 27-year partnership." Amobi highlighted Disney (NYSE: DIS).

Other stocks of note - Viacom, Inc. (NYSE: VIA-B), General Electric Co. (NYSE: GE), Time Warner Inc. (NYSE: TWX), News Corp (NYSE: NWS), CBS Corp (NYSE: CBS), Discovery Holding Co. (Nasdaq: DISCA), Cablevision Systems Corp. (NYSE: CVC) and Gemstar-TV Guide (Nasdaq: GMST).

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