SAG-AFTRA Evaluating Studios' Final Offer; Includes Highest Wage Increase in Four Decades, AI Protections and Residuals for Streaming Programs
Strike hits 114th day as major Hollywood executives join negotiations, with an offer that could disrupt 2024's summer movies and TV season if not resolved soon.
- The actors' union, SAG-AFTRA, is currently reviewing the 'last, best and final' offer from major entertainment studios, which includes the highest wage increase in four decades, new terms for determining residuals for streaming programs and protections against the use of AI.
- The offer was made on the 114th day of the SAG-AFTRA strike, as major Hollywood and TV executives joined the negotiations, emphasizing the urgency to resume work and ensure the continuity of upcoming TV and movie schedules.
- Despite the comprehensive offer, some insiders have suggested that if the union does not accept the deal soon, negotiations could cease until the new year, which could significantly disrupt the 2024 summer movie releases and the upcoming TV season.
- The decision over the offer lies not just with the union leadership, but also with its members, who will need to ratify any potential deal. Over 5,000 members have signed an online petition expressing their readiness to hold out for a deal that meets their demands at the start of the strike.
- The current strike has brought Hollywood to a standstill for months, leaving thousands out of work. Though the writers' strike ended last month, actor's strike continues, drawing attention to issues around pay and benefits for work on streaming platforms and the use of artificial intelligence in the industry.
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