Hollywood Weekly: DGA Deal Done, Scary Movie Tops $55M, and Glenn Close Finally Gets Her Oscar

DGA pens a deal — and that's a wrap on Hollywood's labor cycle

The Directors Guild of America and the AMPTP reached a tentative four-year agreement on June 10 — the last of the major unions to settle this cycle. Key priorities: more TV jobs (down 35% in 2024) and tighter AI guardrails. Member ratification vote still ahead; current contract expires June 30. Read more ↗

Actors' new deal is in the books, AI protections included

SAG-AFTRA ratified its own four-year contract by more than 90% last week. The headline clause: AI synthetic performers must offer "significant additional value" before replacing a real actor. With the WGA deal done in April, all three major guilds now have four-year contracts. Read more ↗

Scary Movie opens at $55M; Obsession refuses to slow down

Scary Movie debuted to $55M domestically (best in franchise history) and $105.5M globally, pushing the series past $1B worldwide on a $30M budget. Read more ↗

Meanwhile, Obsession has hit $156.1M domestic and $229.3M global through June 9 — already Focus Features' all-time top earner, tracking 16% ahead of Get Out, and closing in on The Blair Witch Project's record as the most profitable film-festival acquisition ever. Read more ↗

Amazon MGM's Masters of the Universe landed a disappointing $29.3M on a $170M budget.

Focus Features' Obsession cast members on set

Spielberg's Disclosure Day arrives this weekend — and looks like a big one

Steven Spielberg's UFO thriller Disclosure Day (Emily Blunt, Josh O'Connor, Colman Domingo, Colin Firth) opens June 12 and is projected to lead the weekend with a $40–50M debut. Read more ↗

Toy Story 5 premiere: Taylor Swift, Tom Hanks, and tears on the Dolby carpet

The Toy Story 5 world premiere at the Dolby Theatre on June 9 brought out Tom Hanks, Tim Allen, Joan Cusack, and Greta Lee — plus a surprise Taylor Swift performance, including a duet with Randy Newman that reportedly left the audience in tears. The film opens June 19. Read more ↗

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Streaming: what's topping the charts right now

Per THR Charts (June 10):

Platform	#1 Series
Netflix	Big Mistakes (Dan Levy)
HBO Max	Heated Rivalry
Hulu	The Testaments
Apple TV+	Widow's Bay
Paramount+	Boston Blue
Amazon Prime	Scarpetta
Disney+	Star Wars: Maul — Shadow Lord

Hadestown and Stranger Things make their moves

Hadestown: The Musical is heading to the big screen (confirmed June 10). Stranger Things: The First Shadow — the stage prequel — officially closed this week. Tony-winner Lesley Manville has joined new streaming series Escorted. Read more ↗

Governors Awards: Glenn Close finally gets her Oscar

The Academy announced Honorary Oscar recipients for the 17th Governors Awards (November 15): Glenn Close (8 nominations, 0 wins), Ridley Scott, and Disney's first Black animator Floyd Norman. Indie producers Christine Vachon and Pamela Koffler (Killer Films) receive the Irving G. Thalberg Memorial Award. Read more ↗

The 2026 Governors Awards honorees announcement from the Academy

CAA and TPG launch $250M creator economy fund

CAA and TPG-backed Integrated Media Company announced Compound Creative Holdings, a $250M joint venture to roll up creator-led businesses, led by CAA vet Tucker Brown. The thesis: top creators are building studio-scale operations, and Compound wants to be their capital backbone. Read more ↗

Netflix loses its unscripted chief

Jeff Gaspin, Netflix's head of unscripted for the past two years, is stepping down amid broader cost-cutting in the unscripted space. No successor named yet. Read more ↗

On the radar: Paramount-Warner Bros. mega-merger

The EU has opened a foreign-investment review of the proposed Paramount–Warner Bros. merger — a deal that would create a $110B entertainment giant. Paramount is reportedly open to selling kids' channels to ease competition concerns. Read more ↗