SAG-AFTRA and the AMPTP , Reach Tentative Agreement.
Vox reports that the SAG-AFTRA strike is finally coming to an end.
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On November 8, the actors' union and the AMPTP, which represents Hollywood's largest studios, announced that a deal has been reached.
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On November 8, the actors' union and the AMPTP, which represents Hollywood's largest studios, announced that a deal has been reached.
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SAG-AFTRA released a statement announcing that the union had, "arrived at a contract that will enable SAG-AFTRA members from every category to build sustainable careers.".
Many thousands of performers now and into the future will benefit from this work, SAG-AFTRA, via statement.
Studios also released an announcement, saying, , "The AMPTP is pleased to have reached a tentative agreement and looks forward to the industry resuming the work of telling great stories." .
While the details of the agreement have yet to be released, the SAG statement offers a basic overview.
According to the statement, the "extraordinary scope" of the agreement includes increased compensation, protections from AI and a "streaming participation bonus.".
The deal will also increase compensation for extras and provide "critical contract provisions protecting diverse communities." .
Vox reports that the union's national board still needs to approve the agreement before Hollywood can go back to work.
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If passed, the agreement would bring an end to a Hollywood labor stoppage that began with the writers' guild strike on May 2.
