STRIKE OVER: Actors Make a Deal With Studios After 118 Days

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If the deal is ratified, the contract could soon go into effect, and if not, members would essentially send their labor negotiators back to the bargaining table with the AMPTP.

When negotiations restarted on Oct. 2 for the first time since SAG-AFTRA called its work stoppage in July, hopes were high in the industry that Hollywood’s largest union could come to terms with major companies quickly.

Setting terms for the use of AI was a major sticking point between union and studio negotiators, as was a proposal to provide casts with additional streaming compensation.

Meanwhile, as the entertainment business continues to experience a period of contraction, major companies looked to preserve some measure of flexibility and cost control.

An as the months of the work stoppage stretched on, a strategist at the Milken Institute has estimated that the strikes have cost the California economy alone at least $6 billion.

A number of actors also started drafting a letter expressing concerns about the union’s leadership but held back from publishing it, fearful of the missive’s potential impact on negotiations.

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