Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Shoshana Gordon/Axios

Tension is escalating in Hollywood as the entertainment industry scrambles to adjust to its new streaming reality.

Why it matters: An increasing number of intra-industry spats could threaten production at a time when consumers are looking for more content choices than ever before.

Driving the news: An overwhelming majority of Hollywood’s backstage union workers voted to authorize a strike Monday, putting the future of many upcoming shows and films in question.

  • Members of the International Alliance of Theatrical Stage Employees are arguing in the wake of a recently expired contract with a trade group representing Hollywood production companies and studios that behind-the-scenes Hollywood workers, like film crew and set designers, need higher pay and better benefits.
  • They are threatening to strike if talks with the Alliance of Motion Picture and Television Producers (AMPTP) don't progress.
  • The strike would handicap major studios from being able to turn out the huge volume of shows and films necessary to meet consumers' streaming demands today.

Be smart: The last time a clash like this shut down Hollywood was in 2007 and 2008 when the Writers Guild of America failed to come to an agreement with AMPTP, causing writers to strike for 100 days.

  • Two years ago, the industry was derailed amid a spat between the Writers Guild of America and a trade group representing Hollywood's biggest talent agencies.

The big picture: The backstage workers strike threat is the latest crisis moment for an industry that's been roiled by the pandemic.

  • Studios have been hit with lawsuits in recent months from actors frustrated with the way they've been compensated in light of new simultaneous theater and streaming releases. (Disney and Scarlett Johansson finally settled a breach of contract lawsuit on this issue last Thursday.)

What to watch: Every player in Hollywood is feeling the pressure to consolidate in order to better address new content demands created by streaming.

  • Last week, Creative Artists Agency (CAA) said it is acquiring agency rival ICM Partners in a deal that marks the biggest combination of talent firms since William Morris Agency and Endeavor Talent Agency merged in 2009 to create what is now referred to as WME.
  • Amazon's announced acquisition of MGM has ushered in a wave of consolidation among niche Hollywood production studios.

Go deeper

On this day in 2020: Gahanna teachers strike

Teachers and supporters line the sidewalk in front of Lincoln High School in 2020. Photo courtesy of the Gahanna-Jefferson Education Association

Exactly one year ago today, Gahanna-Jefferson teachers began picketing after 105 days of tense, stalemated negotiations for a new employment contract.

  • The strike lasted four school days, ending with a temporary, one-year deal.

State of play: The union is now working under a new contract that was approved in April and runs through June 2024, with 3% annual pay raises and an appendix outlining teaching protocols amid the pandemic.

Updated 1 hour ago - World

Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" when the gang abducted them in Port-au-Prince, Haitian security officials said, per the NYT.

Venezuela suspends talks with opposition after Maduro ally extradited to U.S.

Venezuelan President Nicolás Maduro in Caracas, Venezuela, in June. Photo: Gaby Oraa/Bloomberg via Getty Images

A key ally of Venezuela's President Nicolás Maduro was extradited from Cape Verde to the U.S. Saturday to face money laundering charges in Florida, Bloomberg first reported.

Why it matters: Venezuela's government called off negotiations with opposition officials that were scheduled for Sunday in Mexico in response to the extradition of Alex Saab, a Colombian businessman and financial fixer for Maduro. Security forces placed six U.S. oil executives under house arrest later Saturday, per AP.