Movie - Studio Babelsberg expects more orders after end of strike
Studio Babelsberg in Potsdam, which is steeped in tradition, is expecting a better order situation again after the end of the Hollywood strike. "We are looking forward to welcoming new productions to the studio and assume that a major US film project will be in preparation in the first quarter of 2024," the Executive Board announced on request. "The news that SAG-AFTRA members have ratified a new contract will allow major Hollywood studios and producers to continue their preparations and planning for projects."
In the first half of December, a months-long strike in the film industry officially came to an end. Members of the US actors' union SAG-AFTRA ratified a new contract with the film production companies by a large majority after they had walked off the job in July. The studios reached an agreement with the screenwriters' union WGA, which had been on strike since May, at the beginning of October. The strike delayed the production of films and series for months. The strike led to Studio Babelsberg announcing short-time working in August due to a poor order situation.
Studio Babelsberg claims to be the oldest large-scale film studio in the world. Films such as "Metropolis", "The Blue Angel" and "Die Feuerzangenbowle" were made there. Later, internationally successful feature films such as "The Bourne Conspiracy", "Bridge of Spies" and the series "Babylon Berlin" were produced in Babelsberg.
Studio Babelsberg has had a new owner for several months now. The film production facility placed its management in the hands of Cinespace Studios, which belongs to the US real estate investor TPG. An extraordinary general meeting in April voted by a majority in favor of a control and profit transfer agreement.
Studio Babelsberg - History
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- The months-long production standstill in the Hollywood film industry due to the strike has significantly impacted Studio Babelsberg in Brandenburg, leading to short-time working in August.
- With the SAG-AFTRA members ratifying a new contract, major Hollywood studios and producers can now continue their preparations and planning for new projects, potentially leading to more orders for Studio Babelsberg.
- The end of the strike also means that streaming platforms can resume production of Movies and TV shows at Studio Babelsberg's state-of-the-art studio in Babelsberg, near Potsdam.
- The new ownership of Studio Babelsberg by Cinespace Studios, a subsidiary of US real estate investor TPG, has brought new energy and resources to the historic film studio, ensuring that it remains a key player in the global Film industry even in the era of streaming.
- Despite the challenges faced during the strike, Studio Babelsberg's rich history remains a source of pride and inspiration, with classic films such as "Metropolis" and "Die Feuerzangenbowle" having been produced on its grounds.
- Going forward, Studio Babelsberg's focus on attracting new orders and continued investment in its facilities and infrastructure will ensure its continued success at the turn of the year and beyond.
Source: www.stern.de
