Post by jag11 on Aug 9, 2009 19:22:50 GMT -5
'The Young & the Restless' Gets Two-Year Renewal, But Producers Told to Cut Costs
While CBS has issued a warning about the future of As the World Turns, the top-rated soap opera for the network, The Young & the Restless, has been given a two-year renewal, but with that renewal came a new sense of urgency for the show to cut its operating budget. It should come as no surprise to anyone that a soap has been asked to tighten its purse strings, but there has been a belief in some circles that The Young and the Restless was immune to the type of budget cuts that have hit other soaps.
Steve Mosko, Sony Pictures Television president, met with cast and crew to announce the renewal, as well as to explain that a cut in the soap's licensing fee may result in reduced salaries and job losses. In the wake of two highly publicized contract negotiations, show sources say that Mosko was hoping that his appearance would help prevent further uprising.
While CBS has issued a warning about the future of As the World Turns, the top-rated soap opera for the network, The Young & the Restless, has been given a two-year renewal, but with that renewal came a new sense of urgency for the show to cut its operating budget. It should come as no surprise to anyone that a soap has been asked to tighten its purse strings, but there has been a belief in some circles that The Young and the Restless was immune to the type of budget cuts that have hit other soaps.
Steve Mosko, Sony Pictures Television president, met with cast and crew to announce the renewal, as well as to explain that a cut in the soap's licensing fee may result in reduced salaries and job losses. In the wake of two highly publicized contract negotiations, show sources say that Mosko was hoping that his appearance would help prevent further uprising.