Ticker: Actors, studios head back to bargaining table; Chinese tax authorities visit Apple supplier

SAG-AFTRA and the alliance representing major studios said they would resume negotiations next week, as the Hollywood actors’ strike stretches past the 100-day milestone.

The two sides said in a joint statement Saturday they will meet Tuesday at SAG-AFTRA Plaza in Los Angeles, with “several executives” from the major studios in attendance.

The meeting will mark the first formal talks between the actors guild and the entertainment companies since discussions broke down on Oct. 11. The studios walked away from the table, saying the gap between the sides was too great.

The Association of Motion Picture and Television Producers, which represents firms including Disney, NBCUniversal and Netflix, said in a statement at the time that the union’s proposal for for streaming services to share their revenue with actors “would create an untenable economic burden,” costing more than $800 million a year.

But SAG-AFTRA leaders said the amount they are seeking in their revenue sharing proposal for streamers is about 57 cents per subscriber per year and that studios should share more of the financial success of shows with actors.

Chinese tax authorities visit Apple supplier

Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday.

Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese state-run Global Times newspaper.

The Ministry of Natural Resources also inspected Foxconn offices in Henan and Hubei provinces, where the company has major factories. Foxconn employs hundreds of thousands of workers across China.

The report did not provide more details about the searches, including when they occurred or what was found.

from Boston Herald https://ift.tt/25IsJmX