Q&A: SAG-AFTRA President Fran Drescher Reacts to Hollywood Studios Breaking off Negotiations

Fran Drescher, president of SAG-AFTRA, is interviewed at a Writers Guild of America rally outside Paramount Pictures studio on May 8, 2023, in Los Angeles. (AP)
Fran Drescher, president of SAG-AFTRA, is interviewed at a Writers Guild of America rally outside Paramount Pictures studio on May 8, 2023, in Los Angeles. (AP)
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Q&A: SAG-AFTRA President Fran Drescher Reacts to Hollywood Studios Breaking off Negotiations

Fran Drescher, president of SAG-AFTRA, is interviewed at a Writers Guild of America rally outside Paramount Pictures studio on May 8, 2023, in Los Angeles. (AP)
Fran Drescher, president of SAG-AFTRA, is interviewed at a Writers Guild of America rally outside Paramount Pictures studio on May 8, 2023, in Los Angeles. (AP)

Fran Drescher has steered the actors guild through its monthslong strike. On the heels of Hollywood studios abruptly breaking off talks with the Screen Actors Guild-American Federation of Television and Radio Artists this week, the actor and union president says she's baffled and disappointed.

The Alliance of Motion Picture and Television Producers announced Wednesday that they had suspended contract negotiations, saying the gap between the two sides was too great to make continuing worth it and characterizing their offer as good as the one that recently ended the writers strike. Drescher told The Associated Press in a Thursday interview that she did not understand why negotiations collapsed but that her union's resolve has not weakened.

The interview has been edited for clarity and brevity.

AP: Can you talk about what happened in your negotiations with the AMPTP?

DRESCHER: They had given us a proposal package. We worked for like 36 hours on it. We brought it back to them. We walked them through it and they left and then called a few hours later and said, “We’re breaking negotiations.” So it’s not only baffling but wholly disappointing and counterproductive.

I’ve never really met people that actually don’t understand what negotiations mean. Why are you walking away from the table? To what end do you hope that that will accomplish anything?

And actually, my members are more pumped up than ever. They feel so insulted by this, so degraded by this and dishonored by this that it’s like, “Fran, do not cave. Remain strong. Hold onto your resolve because this can’t be for nothing.”

AP: Can you talk about the mood of the conversations before they broke off? Was there a sense that talks would be smoother after the studios reached a deal with the Writers Guild of America?

DRESCHER: With the writers guild also, they broke negotiations with that too. So now that a contract has been agreed upon, everybody’s all warm and fuzzy. But at the time, I think it was very contentious. They don’t like to give away ice in winter.

So I’ve never really dealt with this kind of affront, of indignation and a need to get their own way. I think that they’re very used to getting their own way. I think that the idea that we want to go into a pocket to compensate for the lack of income that we cannot get for our working members in a streaming model is just so repugnant to them. And they just feel like, “Who are we to want to get compensated the way we used to be? Who are we to think that we deserve to make an honest wage that meets inflation? Who are we to challenge them in any way? We should be so lucky to get whatever they want because they’re the bosses.”

And I keep pointing out to them that that kind of business practice is unsustainable nowadays. It was maybe something that people bought into in the 20th century. But that “dog eat dog, the bottom line is the bottom line,” it just doesn’t pan out. And we can’t think that way anymore. You can’t go into a whole new business and not question how this is going to impact the foundational contributors to your business. And that’s exactly what they did. And now they’re like annoyed at us for pointing out the problem.

It’s really like an alternate universe. I can’t even believe it. And I keep trying to put it into a global context that they have a responsibility to workers. They’re leaders in the industry. They should set the example for industries around the world. This is their opportunity as well to raise the bar on how employers deal with workers. How they thank them, how they include them, how they treat them like people.

AP: This will officially be the longest strike in your guild’s history next week. What are your thoughts on how we got here?

DRESCHER: Well, I think it’s indicative of the fact that they stopped talking to us back on July 12 and didn’t come back until less than 10 days ago. You know, we’ve only met with them a couple of times. Monday, half a day Wednesday, half a day Friday. That was what they were available for. Then this past week, it was Monday and a half a day on Wednesday. And then “Bye bye.”

I don’t even know what they’re thinking. But I did say to them, “With all due respect, we have been waiting for you to come back.” We wanted to avert a strike. We extended an unprecedented extension and we called them in the eleventh hour. ... They don’t really want to negotiate. They just want us to like what they want us to like. They don’t want us to have a mind. They don’t want us to have a thought. They don’t want us to have feelings or complain that we can’t make a living and we can’t support our families and we’re having problems paying the rent.

They don’t want to hear about it because they keep giving us this huge inflated number of how much they’re spending on production and how much they’re paying out to our union in salary. But it’s all divided up amongst so many thousands of people that it doesn’t add up to anything except for our highest paying earners, which I have zero problem with. And we’re fighting for them as well with AI. They’re very concerned about their likeness, their essence of being. The thing that makes them a star is going to be ripped off, going to be turned into something that’s hardly even recognizable.

AP: So, what now?

DRESCHER: Well, they called and said, “We’re walking away. We’re breaking negotiations.” Now, we’re in the midst of a serious negotiating committee meeting. Everybody went out on the picket lines today (Thursday). The resolve is very strong.

So I think that they think that we’re going to cower, but that’s never going to happen because this is a crossroads and we must stay on course.



Warner Bros Rejects Revised Paramount Bid as Risky Leveraged Buyout

A drone view shows the Warner Bros. studio lot in Burbank, California, US, December 8, 2025. (Reuters)
A drone view shows the Warner Bros. studio lot in Burbank, California, US, December 8, 2025. (Reuters)
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Warner Bros Rejects Revised Paramount Bid as Risky Leveraged Buyout

A drone view shows the Warner Bros. studio lot in Burbank, California, US, December 8, 2025. (Reuters)
A drone view shows the Warner Bros. studio lot in Burbank, California, US, December 8, 2025. (Reuters)

Warner Bros Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject.

In a letter to shareholders on Wednesday, Warner ​Bros' board said Paramount's offer hinges on "an extraordinary amount of debt financing" that heightens the risk of closing. It reaffirmed its commitment to streaming giant Netflix's $82.7 billion deal for the film and television studio and other assets.

Paramount and Netflix have been vying to win control of Warner Bros, and with it, its prized film and television studios and its extensive content library. Its lucrative entertainment franchises include "Harry Potter", "Game of Thrones", "Friends" and the DC Comics universe, as well as coveted classic films such as "Casablanca" and "Citizen Kane."

Paramount's financing plan would saddle the smaller Hollywood studio with $87 billion in debt once the acquisition closed, making it the largest leveraged buyout in history, the Warner Bros board told shareholders after voting against the $30-per-share cash offer on Tuesday.

The letter accompanied a 67-page amended merger filing where it laid out its case for rejecting Paramount's offer.

The ‌revised Paramount offer "remains inadequate particularly ‌given the insufficient value it would provide, the lack of certainty in PSKY’s ability ‌to ⁠complete ​the offer, ‌and the risks and costs borne by WBD shareholders should PSKY fail to complete the offer," the Warner Bros board wrote.

Paramount, which has a market value of about around $14 billion, proposed to use $40 billion in equity personally guaranteed by Oracle's billionaire co-founder Larry Ellison and $54 billion in debt to finance the deal.

Its financing plan would further weaken its credit rating, which S&P Global already rates at junk levels, and strain its cash flow – heightening the risk that the deal will not close, the Warner Bros board said.

Netflix, which has offered $27.75 a share in cash and stock, has a $400 billion market value and investment-grade credit rating.

The decision keeps Warner Bros on track to pursue the deal with Netflix, even after Paramount amended its bid on ⁠December 22 to address the earlier concerns about the lack of a personal guarantee from Ellison, who is Paramount's controlling shareholder and the father of its CEO David Ellison.

Warner Bros shares ‌closed at $28.47 on Tuesday.

HIGH BREAK-UP FEES

Wednesday's filing said Warner Bros' board met on ‍December 23 to review Paramount's amended offer and noted some improvements, including ‍Ellison's personal guarantee and a higher reverse termination fee of $5.8 billion, but found "significant costs" associated with Paramount's bid compared with a Netflix ‍deal.

Warner Bros would be obligated to pay the streaming service a $2.8 billion termination fee for abandoning its merger agreement with Netflix, $1.5 billion in fees to its lenders and about $350 million in additional financing costs.

Altogether, Warner Bros said it would incur about $4.7 billion in additional costs to terminate its deal with Netflix, or $1.79 per share.

The board repeated some concerns it had laid out on December 17, such as that Paramount would impose operating restrictions on the studio ​that would harm its business and competitive position, including barring the planned spin-out of the company's cable television networks into a separate public company, Discovery Global.

Paramount offered "insufficient compensation" for the damage done to the studio's business, if the Paramount ⁠deal failed to close, Warner Bros said.

Paramount "repeatedly failed to submit the best proposal" to Warner Bros shareholders, the board wrote, "despite clear direction" on the deficiencies in its bid and potential solutions.

TILTING THE POWER BALANCE IN HOLLYWOOD

The jockeying for Warner Bros has become Hollywood's most closely watched takeover battle, as studios race to scale up amid intensifying competition from streaming platforms and volatile theatrical revenues.

While Netflix's offer has a lower headline value, analysts have said it presents a clearer financing structure and fewer execution risks than Paramount's bid for the entire company, including its cable TV business.

Harris Oakmark, Warner Bros' fifth-largest investor, previously told Reuters that Paramount's revised offer was not "sufficient," noting it was not enough to cover the breakup fee.

Paramount has argued its bid would face fewer regulatory obstacles, but a combined Paramount-Warner Bros entity would create a formidable competitor to industry leader Disney and merge two major television operators and two streaming services.

The valuation of Warner Bros' planned Discovery Global spin-off, which includes cable television networks CNN, TNT Sports and the Discovery+ streaming service, is seen as a major sticking point.

Analysts peg the cable channels' value at up to $4 per share, while Paramount has suggested just $1.

Lawmakers ‌from both parties have raised concerns about further consolidation in the media industry, and US President Donald Trump has said he plans to weigh in on the landmark acquisition.


Sydney Sweeney Box-Office Hit ‘The Housemaid’ to Get a Sequel

Sydney Sweeney. (AFP/Getty Images)
Sydney Sweeney. (AFP/Getty Images)
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Sydney Sweeney Box-Office Hit ‘The Housemaid’ to Get a Sequel

Sydney Sweeney. (AFP/Getty Images)
Sydney Sweeney. (AFP/Getty Images)

After just two and half weeks of release, the Sydney Sweeney box-office hit “The Housemaid” is getting a sequel.

Lionsgate announced Tuesday that it will start production on “The Housemaid's Secret” later this year. The film will be based on the second of Freida McFadden's bestselling trilogy of books.

“The Housemaid” has been a hit at the holiday box office, grossing more than $75 million and $133 million worldwide in 17 days of release. The psychological thriller directed by Paul Feig cost a modest $35 million to make.

Lionsgate said “The Housemaid's Secret” is being developed with the aim of Feig and Sweeney returning, including Sweeney as an executive producer. “The Housemaid” screenwriter Rebecca Sonnenshine is writing the sequel.

“It’s clear from both the global box office and from the outpouring on social media that audiences have responded strongly — and audibly — to the totally unique and truly theatrical experience of The Housemaid and want to know what happens next,” said Adam Fogelson, Lionsgate Motion Picture Group chairman, in a statement.

“The Housemaid” has handed Sweeney a major box-office victory after a disappointing result for her awards-hopeful boxing drama “Christy” in November. That film grossed only $2 million worldwide. In “The Housemaid,” Sweeney stars a live-in housemaid hired by a wealthy couple played by Amanda Seyfried and Brandon Sklenar.


Chalamet Boosts Oscar Bid with Critics Choice Awards Win

Timothee Chalamet, with the spotlight actor of the year award for "Marty Supreme," poses in the press room during the 37th Palm Springs International Film Festival Film Awards on Saturday, Jan. 3, 2026 at Palm Springs Convention Center in Palm Springs, Calif. (Photo by Jordan Strauss/Invision/AP)
Timothee Chalamet, with the spotlight actor of the year award for "Marty Supreme," poses in the press room during the 37th Palm Springs International Film Festival Film Awards on Saturday, Jan. 3, 2026 at Palm Springs Convention Center in Palm Springs, Calif. (Photo by Jordan Strauss/Invision/AP)
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Chalamet Boosts Oscar Bid with Critics Choice Awards Win

Timothee Chalamet, with the spotlight actor of the year award for "Marty Supreme," poses in the press room during the 37th Palm Springs International Film Festival Film Awards on Saturday, Jan. 3, 2026 at Palm Springs Convention Center in Palm Springs, Calif. (Photo by Jordan Strauss/Invision/AP)
Timothee Chalamet, with the spotlight actor of the year award for "Marty Supreme," poses in the press room during the 37th Palm Springs International Film Festival Film Awards on Saturday, Jan. 3, 2026 at Palm Springs Convention Center in Palm Springs, Calif. (Photo by Jordan Strauss/Invision/AP)

Timothee Chalamet's Oscars campaign earned a major boost Sunday as he scooped the best actor prize for "Marty Supreme" at the Critics Choice Awards, the first major gala of this year's Hollywood awards season.

He defeated rival Leonardo DiCaprio, whose raucous political thriller "One Battle After Another" took the night's top prize for best picture, as well as best director and best adapted screenplay for Paul Thomas Anderson.

In "Marty Supreme," Chalamet plays a 1950s table tennis champion consumed by grand ambitions.

Loosely based on a true story, and benefiting from the Franco-American actor's unique viral campaign, the film directed by Josh Safdie ("Uncut Gems") has become an unlikely global hit.

"Josh, you made a story about a flawed man with a relatable dream," said Chalamet. "And you didn't preach to the audience about what's right and wrong, and I think we should all be telling stories like that, so thank you for this dream."

The movie is loosely based on the life of table tennis star Marty Reisman, a man driven by the belief that he can achieve fame and fortune through a sport little known in the United States.

Chalamet -- the "Dune" superstar and two-time Oscar nominee who recently portrayed Bob Dylan in "A Complete Unknown" -- rigorously trained in table tennis for the role.

The 30-year-old has in the past made no secret of his ambitions to win multiple Academy Awards, and will now be the frontrunner for the ceremony on March 15.

- Oscars momentum -

The awards bestowed by North America's largest critics' group could give movie campaigns much-needed extra momentum as Oscars voting nears.

This year, it took the coveted first weekend of awards season usually occupied by the Golden Globes, which will take place in Beverly Hills next weekend.

Jessie Buckley won best actress for her tragic role as the wife of William Shakespeare in period drama "Hamnet."

Jacob Elordi won best supporting actor for his portrayal of the Monster in "Frankenstein," which also won three technical awards, while Amy Madigan won supporting actress for a villainous turn in horror flick "Weapons."

Netflix's global mega-hit musical "KPop Demon Hunters" won best animated feature and best song.

"Sinners," a period horror film also seen as a major contender for many of this season's top prizes, had to settle for best original screenplay, young actor, score, and casting and ensemble.

Among the television prizes, hospital saga "The Pitt" won best drama, Hollywood satire "The Studio" won best comedy, and teen murder drama "Adolescence" won best limited series.

Best talk show winner Jimmy Kimmel joked about his spat with US President Donald Trump last year, which saw the late-night host briefly taken off the air.

In the show's opening monologue, host Chelsea Handler paid tribute to the late Rob Reiner, "the nicest guy in Hollywood."

The beloved "When Harry Met Sally" director and his wife Michele were found stabbed to death in their Los Angeles home last month.

"Anyone who ever spent time with Rob Reiner knows that the minute that you met him, he felt like an old friend," she said, to emotional applause from the gathered A-listers and critics.