This post was originally published on this site
The union representing hundreds of film and television actors has agreed to a deal with the filmmaking studios, signalling the coming end of one of the longest strikes in the history of the industry.
According to the Los Angeles Times, the SAG-AFTRA negotiating committee approved a tentative deal with the major film studios Wednesday.
The contract will still need to be approved and ratified by the union board and members, but it is expected that the deal will be signed to bring and end to a strike that has lasted for more than four months and brought the film and TV industry to a screeching halt.
Details of the contract have not been released yet, but the Times reports it includes an increased pay for members, increased residual payments related to streaming content and better health and pension benefits.
The studios and the unions also appear to have come to an agreement regarding the use of artificial intelligence in the creation of media, a major sticking point throughout the duration of negotiations.
The agreement comes during a critical moment in the industry, with several projects up in the air and the future of some television and film productions hanging in the balance.
The negotiations have been ongoing for months, but intensified in recent days. Just last week, the studios presented what they were calling their “best and final” offer. Some actors voiced their displeasure with the terms of this offer and the union took several days to offer a response.
It’s unclear if the two sides have been meeting to iron out the specifics, but statements from SAF-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) are expected soon.
Earlier this year, the Writers Guild of America launched its own strike, which came to an end last month.
Check back for details on this developing story.
Suggest a Correction
