SAG-AFTRA and Major Hollywood Studios Continue Negotiations to End 104-Day Actors' Strike

Studios offer a "more generous" proposal, but disagreements over revenue-sharing in streaming era persist; Public support from A-list actors and renewed negotiations spark hope for industry's recovery.

SAG-AFTRA and major Hollywood studios have resumed negotiations with the aim of ending a 104-day actors' strike that has significantly impacted the film and TV production industry.
The studios have tabled a new offer, viewed as more generous than their previous proposal, but disagreements persist primarily surrounding the topic of revenue-sharing in the streaming era.
In response to the studio alliance rejecting their initial request for 2% of all streaming revenue, SAG-AFTRA suggested an annual payment equivalent to about 57 cents for each streaming subscriber worldwide, a proposal that the alliance ultimately dismissed.
In an attempt to resolve the strike, A-list actors including George Clooney and Scarlett Johansson suggested alterations to the SAG-AFTRA membership dues and new residual structures, but these propositions were deemed not feasible by the guild's negotiating committee.
Public support from some A-list actors and renewed negotiations spark hope for industry's recovery. The Walt Disney Co. reaching out to SAG-AFTRA's chief negotiator, despite the contentious negotiations, bolstered this confidence.