The SAG-AFTRA national board's approval of the tentative deal with Hollywood studios marks a potential end to the historic 118-day actors' strike, the longest in the union's history. With 86% board approval, the deal now moves to the union's broader membership for ratification.
Key elements of the deal include:
The strike, which began on July 14, was a response to stalled negotiations with the Alliance of Motion Picture and Television Producers (AMPTP), representing major studios like Warner Bros., Disney, Netflix, and others. The union's demands centered around better pay, higher streaming residuals, and AI protections.
The strike's resolution is a relief for Hollywood, which has felt the economic impact of the work stoppage. The LA economy reportedly lost about $6.5 billion, including around 45,000 entertainment industry jobs. The strike also led to delays in blockbuster releases from major studios like Disney and Sony Pictures.
The deal's focus on AI protections is particularly noteworthy, setting a possible precedent in the creative industry. This move reflects the evolving nature of entertainment and the need to adapt to technological advancements.
The ratification process by the union members will determine the final acceptance of this deal, which could significantly influence the future landscape of Hollywood's labor agreements and production practices.