Finally! After 118 days of being on strike, both the SAG-AFTRA and studio CEOs have come to an agreement, and now it’s over. And it seems that SAG-AFTRA got an amazing deal on their end as well.
From the official SAG-AFTRA website, here’s what they had to say:
We are thrilled and proud to tell you that today your TV/Theatrical Negotiating Committee voted unanimously to approve a tentative agreement with the AMPTP. As of 12:01am on November 9, our strike is officially suspended and all picket locations are closed. We will be in touch in the coming days with information about celebration gatherings around the country.
In a contract valued at over one billion dollars, we have achieved a deal of extraordinary scope that includes “above-pattern” minimum compensation increases, unprecedented provisions for consent and compensation that will protect members from the threat of AI, and for the first time establishes a streaming participation bonus. Our Pension & Health caps have been substantially raised, which will bring much needed value to our plans. In addition, the deal includes numerous improvements for multiple categories including outsize compensation increases for background performers, and critical contract provisions protecting diverse communities.
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.
I’m happy that both were able to finally reach an agreement. I’m sure it was mostly the studios that gave in, especially when they were dropping in stocks and giving petty threats. At the end of the day, studios needs to pay their workers, from actors, writers, animators, and more because they’re the ones who are making these CEOs millions of dollars.
Even though the contract is every three years, I hope they don’t waste any time and jump right on it before the third year even comes. All this AI nonsense and not paying residuals or livable pay is ridiculous. Salute to SAG-AFTRA for staying strong and not giving in to subpar offers.