Hollywood Studios and Major Streamers Hold Meeting with SAG-AFTRA Amid Actors’ Strike
In an attempt to resolve the ongoing actors’ strike, Hollywood studios and major streamers recently met with SAG-AFTRA leadership. The union is currently reviewing the companies’ “last, best, and final offer” and has urged its members to disregard outside speculation and rumors.
CEOs of major studios and streamers attended the bargaining session, highlighting the high stakes involved in reaching a resolution. Top executives have warned that negotiations could be postponed until the new year if SAG-AFTRA does not accept the proposed deal. They claim that the offer is more beneficial than previous agreements.
If a resolution is not reached by early November, the studios have cautioned that it may disrupt their 2024 summer movie slates and upcoming TV season. This news has raised concerns among industry professionals and fans alike.
The studios’ final offer includes major concessions aimed at appeasing the striking actors. These include increased AI protection, significant wage increases, and a new streaming residual based on performance metrics. However, the ball is now in SAG-AFTRA’s court to decide whether these terms are satisfactory.
Negotiations have been ongoing since October 24, with top executives from major studios and tech giants consistently present. The turnout at the recent bargaining session reflects the seriousness of the strike, which has already lasted for an arduous 114 days.
Over the weekend, the SAG-AFTRA negotiating committee discussed the latest offer. While some sources expressed optimism that a deal could be reached soon, others remain cautious. The expanded group of top executives had previously met with SAG-AFTRA leaders to discuss the impact of the strike on TV and film production schedules.
As the industry eagerly awaits an outcome, all eyes are on SAG-AFTRA’s decision regarding the studios’ final offer. The result will have significant implications for both the striking actors and the entertainment industry as a whole.
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