With a recession in full swing *screams and jumps out window* the movie industry is far from immune to the ripple effect of a shoddy global economy. The Weinstein Company have announced that they're letting go of 11% of their staff, totalling 24 people. This is because they've had a series of underperforming films, the latest of which was Zack and Miri Make a Porno, which most expected to be another Seth Rogen smash (and it really should have been in fairness), but is struggling to top $35 million domestically, and also because they're bankrolled by oustide sources. On top of that The Screen Actors Guild (SAG) have released a statement saying they've launched "a full-scale education campaign in support of a strike authorization referendum." Adding "No timeline has been set for the mailing or return of the strike authorization ballots." This after talks between the AMPTP and SAG broke down again. This is not good news, as like any industry, the workforce needs to be making a quality product for the industry to survive; granted, more often than not its lacking in quality, but the movie business, and indeed serialised television, would essentially shut down if this strike occurred causing further panic.
