3 strike updates

First up a very important bit of information from Mark Evanier about residuals.

Secondly, following on the heels of the agreement that United Artists signed with the WGA, The Weinstein Company may have made a similar deal, showing that if these smaller production houses can afford the terms the WGA wants, why can’t the multi-billion dollar giants?

And finally, at the CES conference in Las Vegas this week, the studio executives in charge of digital distribution held a panel discussing the future of that arena. While they may still be telling the writers they’re not making and it’s only good for promotional use…. Well, here’s what they had to say:

While all agreed that digital media revenue won’t match income from traditional distribution in the foreseeable future, they were quick to react to an audience member’s question about when they would start making money from their businesses.

“There is revenue being created today,” said Paramount digital prexy Tom Lesinski. “It’s not a lot, but we’re not losing money.”