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Lionsgate Signs Deal With Writers

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Jan 24, 2008 7:22 pm US/Central

Lionsgate Signs Deal With Writers

LOS ANGELES (AP) ―

Click to enlarge 1 of 1: Lionsgate studio reached a deal with striking writers on Jan. 24, 2008.
David McNew/Getty Images/Getty Images

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Lionsgate studio is the latest company to sign an interim deal with the striking Writers Guild of America.

The deal announced Thursday follows separate guild pacts with other independent production companies such as United Artists, The Weinstein Co. and David Letterman's Worldwide Pants.

The guild said the agreement confirms it is possible for writers to be compensated fairly and for companies to operate profitably. Lionsgate's new projects include Sylvester Stallone's "Rambo" sequel, "Saw 5" and the TV show "Mad Men."

The writers guild, on strike since Nov. 5, is in informal talks with studio bosses to reach a contract agreement and end the costly 11-week walkout that has idled much of the entertainment industry.