RKO Productions' filming schedule, to be announced next week, includes several original screen projects, as well as the financing, production, and distribution of a number of new versions of classic films from RKO's 1,300-film library.
'The negotiation with the Guild was smooth and business like; they kept their agreement and we kept ours,' RKO's CEO Ted Hartley said. 'It all moved ahead at a steady pace and resulted in good feelings on both sides.'
'In the past, RKO gave the world such classics as King Kong, Citizen Kane, and It's A Wonderful Life,' WGA West president Patric M Verrone and WGA East president Michael Winship said in a joint statement. 'Now it looks to the future, signing an interim agreement that recognises fair and respectful compensation for writers on the internet and in new media.'
The deal is similar to those the WGA struck recently with Lionsgate, Marvel Studios, TWC, UA, Sidney Kimmel Entertainment, Spyglass Entertainment, MRC, Jackson Bites, Mandate Films, and Worldwide Pants.