Hollywood actors agreed to end their months-long strike after reaching a tentative agreement with studios on Wednesday, ending one of the biggest labor strikes in the film mecca’s history.
The Screen Actors Guild (SAG-AFTRA), the union that represents tens of thousands of actors, ended its 118-day midnight strike after reaching a deal with entertainment companies including Disney and Netflix. “We have reached a contract that will allow SAG-AFTRA members from every category to build sustainable careers,” the union said.
The new three-year contract – the product of hard negotiations – is valued at more than a billion dollars (934 million euros) and received support from the leadership of the actors’ union. SAG-AFTRA president and famous TV “Nanny” Fran Fraser commented on Instagram: “We did it!!! The $1+ billion deal!”.
The agreement is now expected to be ratified by the board of directors and union members.
What’s in the deal?
The minimum pay for the actors is expected to increase by about 8% compared to the previous contract, a compromise for both sides, as the increase is less than what the actors originally sought, but more than what the writers later got. their strike.
Hollywood actors’ strike: 100 days of strikes, negotiations resume
Mission Impossible: Actors’ strike delays 8th action film
The tentative deal also includes a new “continuing show participation” bonus, better health care funding and guarantees that studios won’t use artificial intelligence to create digital copies of actors without payment or approval.
The actors return to the sets
According to the Milken Institute, the actors’ strike has cost California more than $6 billion (5.6 billion euros), while also affecting other workers in the film industry, who have been out of work all this time.
Los Angeles Mayor Karen Bass hailed the “fair deal” reached Wednesday, noting that the strikes “have affected millions in Los Angeles and across the country.” “Now, we must rely on local production to ensure that our entertainment industry bounces back stronger than ever and that our economy can get back on its feet,” he said.