This was released by the WGA today:
INTERMEDIA AND THE FILM DEPARTMENT
Los Angeles – The Writers Guild of America, West and the Writers Guild of America, East are pleased to announce they have reached interim agreements with The Film Department and Intermedia. The Guilds continue to sign agreements with companies that value the essential role writers play in making films, television programs, and content for new media.
“Companies like Intermedia and The Film Department recognize the importance of signing a deal that compensates writers fairly for the work they do,” said Patric M. Verrone, president of the Writers Guild of America, West, and Michael Winship, president of the Writers Guild of America, East, in a joint statement. “In turn, we’ve designed an agreement for the entertainment industry that takes into account the economic realities that it faces.”
“We are pleased that we were able to conclude successful negotiations with the WGA so that we can move forward with our production slate across all media, while being able to provide fair and equitable compensation to the writers now and into the future,” said Intermedia President Linda Benjamin. “In light of this agreement, we will shortly be announcing our updated film and television slate.”
Intermedia Film is a global, independent media enterprise with affiliates in London and Los Angeles organized under Munich-based parent company, IM Internationalmedia AG. The core business of the company consists of the development, financing, and distribution of high-quality theatrical films as well as TV productions.
Current and future Intermedia releases include Breach, screenplay by Adam Mazer & William Rotko and Billy Ray, story by Adam Mazer and William Rotko, starring Chris Cooper and Ryan Philippe; The Hunting Party, written by Richard Shepard, starring Richard Gere and Terrence Howard; One Missed Call, screenplay by Andrew Klavan, starring Edward Burns and Shannyn Sossamon; and The Prodigy, written by John Romano, starring Richard Gere.
The Film Department is an independent movie finance, production and international sales company founded by former Warner Independent Pictures and Miramax Films president Mark Gill and former Miramax Films executive vice president and Yari Film Group COO Neil Sacker. With capitalization of $200 million, the company plans to fully finance and produce six films per year budgeted between $10 and $35 million.
The deal with both companies is similar to agreements the WGA recently reached with Lionsgate, RKO Productions, Marvel Studios, The Weinstein Company, United Artists, Sidney Kimmel Entertainment, Spyglass Entertainment, MRC, Jackson Bites, Mandate Films, and Worldwide Pants.