The new contract includes a new compensation stream for actors in streaming shows and movies, two wage increases in the first year, protections around the use of artificial intelligence, increased contribution caps for healthcare and retirement funds, and measures to address diversity issues. Despite the approval, the 86% support among the national board was lower than expected due to the guild's voting system.
Key takeaways:
- The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has reached a tentative deal with Hollywood studio executives, ending the 118-day actors strike.
- The deal includes a new compensation stream for actors in streaming shows and movies, wage increases, protections around the use of artificial intelligence, increased contribution caps for healthcare and retirement contributions, and measures to address diversity issues.
- The deal is still pending until union members’ vote is tallied on December 5th, but some features will go into effect during the ratification process.
- The negotiations were difficult, with the Alliance of Motion Picture and Television Producers continually refusing the guild’s demands. However, a compromise was reached with the introduction of a bonus structure.