November 9th 2023.
After a grueling three and a half months of negotiations, SAG-AFTRA members have finally reached a tentative agreement with Hollywood studios. On the night of November 9th, the union's negotiating committee approved the deal with a unanimous vote. This agreement marks the end to the longest actors' strike in Hollywood history.
The new deal is said to be worth over one billion dollars, and it guarantees performers a 7% minimum increase along with a streaming participation bonus, pension and health contributions, and protections against artificial intelligence.
SAG-AFTRA has expressed their joy in a statement, saying “We have 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.” The agreement also recognizes and compensates actors for the use of artificial intelligence in the industry.
This is a major win for the union, as the agreement represents the biggest contract-on-contract gains in the history of SAG-AFTRA. The Alliance of Motion Picture and Television Producers have also praised the deal, calling it a “new paradigm” between the two parties.
Though the new contract does not meet all of the actors' demands, SAG-AFTRA has stated that they will continue to seek more in their next negotiation in 2026. As of now, the tentative agreement is set to go before the SAG-AFTRA national board on Friday for approval.
The end of the strike is a great relief to actors who had been unable to work and receive pay for their work for the past four months. With the new agreement in place, Hollywood is ready to get back to telling great stories.
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