The actors’ strike cast a dark shadow over Hollywood over the past four months, but those days are finally over! The SAG-AFTRA announced they’ve finally reached a tentative deal with Hollywood studios, leaving the picket lines for the first time in 118 days.
SAG-AFTRA sent an official statement to its 160,000 members on November 9, saying they’re thrilled and proud to announce that the TV/Theatrical Negotiating Committee voted unanimously to approve a tentative agreement with the AMPTP.
The new deal is valued at over one billion dollars over the course of the next three years, and SAG-AFTRA is hoping it will help its members build sustainable careers.
“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,” reads the organization’s statement.
The new contract also promises a pension and health cap raise, compensation increases for background performers, and critical contract provisions protecting diverse communities. The deal will only go into full effect after it’s been reviewed by the SAG-AFTRA National Board, and the actors will be able to go back to work once the ratification vote is completed.