Netflix Shareholders Reject Executive Pay Packages in Symbolic Move, After WGA Urged Investors to Vote Against Them

Gene Maddaus Senior Media Writer Meredith Stiehm will seek a second two-year term as president of WGA West in the fall election, and the other top officials of the guild will also seek reelection. Justine Bateman, the writer-director and former “Family Ties” star, is running for a spot on the WGA West board. Bateman has become outspoken on the need for tight regulation of artificial intelligence. The guild announced its preliminary list of nominees on Wednesday. Stiehm, who has been active in both the agency campaign and the current strike, will run against challenger Rich Talarico, a “Key and Peele” writer who has faulted the guild for not doing more to fight back against the release of free clips of the show on YouTube.

The Writers Guild of America West is holding officer and board elections in the middle of its ongoing strike, which is now in its 51st day. Incumbent president Meredith Stiehm is seeking reelection and will face off against Rich Talarico – both of whom were selected by the guild’s nominating committee.

The WGA Strong March and Rally for a Fair Contract has kicked off in LA with thousands of members of the guild including Damon Lindelof and Boots Riley taking to the parks and streets.

UPDATED, Day 46: After visiting many, many picket lines over the last month, we’ve learned that lots of pickets signs are reused for conservation purposes. And to that we say — screw the recycling. Bring on more of those sweet corporate burns!

Todd Spangler NY Digital Editor Twitch is introducing Partner Plus, a program boosting the cut that streamers earn to 70% of subscription revenue — with a few conditions, however. Twitch’s new Partner Program, set to go into effect starting in October 2023, pay streamers 70% share on net subscription revenue to who meet the qualification criteria (with Twitch keeping the other 30%). The standard revenue split Twitch offers streaming partners is 50%. To qualify, Twitch Partners must maintain a sub count of at least 350 recurring paid subscriptions for three consecutive months. Streamers in the Partner Plus program will receive the 70/30 revenue share on net subscription revenue (revenue from recurring monthly subscriptions and gift subscriptions), for 12 months up to $100,000. Once a streamer earns $100,000 through Partner Plus, the revenue share will return to standard rate of 50% for most partners. The threshold resets every calendar year.

Carole Horst “Nimona” took a twisty road to the big screen. But now it’s ready for its debut at Annecy Animation Film Festival. Pictured above is an exclusive still from the anticipated fantasy adventure. Based on the graphic novel by N.D. Stevenson, the feature follows Ballister Boldheart, a knight in a futuristic medieval world who is framed for a crime he didn’t commit. The only one who can help him prove his innocence is Nimona, a mischievous teen who happens to be a shapeshifting creature he’s sworn to destroy. “Nimona” started out at 20th Century Fox’s animation shingle Blue Sky Studios, which optioned the novel in 2015. Nick Bruno and Troy Quane were brought onboard in 2020 when creative direction of the film changed. The film continued production apace even after Disney completed its $71.9 billion merger with 20th Century Fox in 2019.

pic.twitter.com/5UJ3Ddm0TkTV writer Tom Smuts, who is married to WGA president Meredith Stiehm, said he was there when the incident occurred.“In the past five weeks coordinating production pickets in Los Angeles and Georgia, no one else has treated us like that,” he tweeted. “And we in the WGA and Teamsters will stay here in solidarity – in Los Angeles, New York, New Mexico, Georgia and wherever else we need to be – until our labor and dignity are respected again.”A Lionsgate spokesperson told TheWrap that the company takes “acts of intimidation and threats of violence seriously” and that they are investigating the incident “thoroughly.”“As we continue to investigate, we have sent home the individual involved,” the studio added. A WGA spokesperson told TheWrap it is “working closely with members who were endangered during this incident to hold this individual accountable.”“Workers should not be threatened with physical harm when exercising their right to publicly protest and picket against unfair wages and working conditions,” the guild said.

Todd Spangler NY Digital Editor At least initially, Netflix’s broad password crackdown appears to be producing the streamer’s desired results in converting freeloaders into paying customers in the U.S., according to early data from research company Antenna. On May 23, Netflix began notifying U.S. customers that users on their accounts who live outside their households would need to be added as an “extra member” (or get their own subscriptions). Since then, Netflix has had the four single largest days of U.S. user sign-ups since January 2019, when Antenna first began tracking the metric. Based on the most current Antenna data available, Netflix saw average daily sign-ups reached 73,000 from May 25-28, a 102% increase from the prior 60-day average. That was more than the spikes in subscriber sign-ups Antenna recorded during the initial U.S. COVID-19 lockdowns in March and April 2020.

Todd Spangler NY Digital Editor Twitch to creators: Oops, never mind. The Amazon-owned livestreaming platform on Wednesday revoked its new branded-content guidelines the day after putting them into place, following a backlash from creators. The changes, which were scheduled to be effective July 1, would have restricted the kinds of ads allowed on Twitch — completely banning “burned-in” (i.e., in-stream) video, audio and display ads on the platform and restricting on-screen logos to a maximum of 3% of the screen size. Twitch on Wednesday reversed course. “Yesterday, we released new Branded Content Guidelines that impacted your ability to work with sponsors to increase your income from streaming. These guidelines are bad for you and bad for Twitch, and we are removing them immediately,” Twitch said in a statement.

behind only Simon Property Group, which was among the 1.5% of companies who asked shareholders to weigh in on executive compensation packages having rejected the “Say on Pay” proposals.The pay packages included total compensation for co-CEO Ted Sarandos, former co-CEO Reed Hastings and Greg Peters, who was elevated from COO to co-CEO earlier this year. In 2022, Hastings earned $51.1 million in total compensation last year while Sarandos brought in $50.3 million and Peters received $28.1 million. Last week’s rare dissent came days after WGA West president Meredith Stiehm sent an open letter to Netflix and Comcast shareholders urging them to reject the pay proposals ahead of the votes, pointing to the intensifying impact of the guild’s strike, which recently entered into its second month.

Todd Spangler NY Digital Editor N’Jeri Eaton, former head of audio at Netflix and head of content at Apple Podcasts, is joining Wondery as head of co-productions for limited series. Eaton reports to George Lavender, head of creative production for limited series at Wondery. Eaton will oversee the podcast studio and network’s external collaborations, managing multiple shows from their initial idea through production and launch. For its original limited series, Wondery — a division of Amazon — has collaborated with partners including the Boston Globe’s Spotlight Team (“Gladiator”), NBC News (“Do No Harm”) and Bloomberg (“The Shrink Next Door,” which was adapted as an Apple TV+ show).

Todd Spangler NY Digital Editor Disney, after removing dozens of shows and movies from Disney+ and Hulu last week, said it will incur a $1.5 billion impairment charge for the June quarter. In an SEC filing Friday, the company said that on May 26, 2023, it removed “certain produced content” from its direct-to-consumer streaming services. As a result, Disney will record a $1.5 billion impairment charge in its fiscal third quarter financial statements “to adjust the carrying value of these content assets to fair value.” Disney said it’s continuing to review content on streaming platforms and “currently anticipates additional produced content will be removed from its DTC and other platforms, largely during the remainder of its third fiscal quarter.” As a result, Disney currently estimates it may incur further impairment charges of up to about $400 million related to produced content.

1.5% of companies who asked shareholders to weigh in on executive compensation packages having rejected the pay proposals this year. The rejection comes just days after WGA West President Meredith Stiehm sent an open letter to Netflix and Comcast shareholders calling on them to reject the pay packages in the impending vote.“Netflix’s content pipeline has been blocked, with dozens of projects that were in development or ordered to series as of May 1st unable to move forward until WGA negotiations conclude,” Stiehm wrote in the letter to Netflix shareholders.

Netflix shareholders declined to support a proposal affirming the pay packages for top executives during a vote at the company’s annual shareholder meeting on Thursday.

Todd Spangler NY Digital Editor Maybe Elon Musk’s Twitter isn’t the free-for-all “free speech” zone that some right-wingers have been led to believe. Twitter nixed a deal with Daily Wire to premiere the conservative website’s “What Is a Woman?” documentary for free on the platform because of two instances of “misgendering” in the film, according to CEO Jeremy Boreing. Not only that, Boreing claimed in a Twitter thread Thursday, Twitter reps told the Daily Wire that the social network “would no longer provide us any support and would actually limit the reach of the film and label it as ‘hateful conduct’ because of ‘misgendering.’” Daily Wire still plans to upload the movie to Twitter on Thursday at 8 p.m. ET, the CEO said. “Will Twitter make good on their threat to throttle it and label it ‘hateful conduct,’ or will Twitter live up to its great promise? We’ll all find out together,” Boreing wrote.

The leaders of the Writers Guild, SAG-AFTRA, IATSE and the Teamsters have issued a “joint statement of solidarity” with the Directors Guild in its final scheduled week of contract negotiations with the Alliance of Motion Picture and Television Producers, saying that they “stand alongside our sisters, brothers, and kin in the DGA in their pursuit of a fair contract.” Their statement comes on the 30th day of the ongoing WGA strike and 21 days after the DGA began its contract talks with the AMPTP.

Cynthia Littleton Business Editor In its heyday, “ER” would keep about 75 background actors on hand per episode to be called up as needed to fill out scenes in hospital corridors and whatnot. On Tuesday, about 75 “ER” alumni filled the sidewalks outside the show’s old studio on Olive Avenue in Burbank. Writers, actors and crew members who worked on the beloved NBC drama series rallied behind the Writers Guild of America on Day 29 of the strike called against Hollywood’s major employers. Many of those who gathered for the “ER” reunion-themed picket on the day after the Memorial Day holiday weekend were emotional about what “ER” represented in their professional careers. It’s an apt symbol for the WGA strike because “ER” is the kind of long-running scripted series that television networks don’t seem to make anymore.

WGAE Career Longevity Salon, a group of writers over the age of 50 within the WGAE have shown a presence as well, especially through co-leader Courtney Simon, who spoke on camera in a video posted to Twitter.“We’re here today picketing ‘The View,’ an ABC show that is still continuing to be written even though we are on strike,” Simon said in video you can watch below. “We are gonna make noise along with everyone else.

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Writers Guild of America is opening up a new front against the studios as its strike continues, as WGA West President Meredith Stiehm sent an open letter to Netflix and Comcast shareholders calling on them to reject the pay packages for those companies’ top executives that are up for a vote. Netflix is set to have its annual shareholders meeting on June 1, with Comcast, parent company of NBCUniversal, holding its shareholder meeting on June 7.