SAG-AFTRA, Hollywood's actors' union, has received a "last, best, and final offer" from studios that are part of the AMPTP, and was urging members on Monday (November 6) to review it for themselves.
"The TV/Theatrical Negotiating Committee analyzed and thoroughly discussed the AMPTP's counter-proposal all day and well into the night and will continue our deliberations on Monday. We will keep you updated," the union's negotiating committee wrote to members over the weekend.
The statement came after SAG-AFTRA's negotiating committee met earlier in the day to review what it has characterized as the studios' "last, best, and final offer," delivered on Friday (November 3) to a handful of SAG-AFTRA negotiators.
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SAG-AFTRA members and supporters picket outside Paramount Studios on day 113 of their strike against the Hollywood studios on November 3, 2023, in Los Angeles, California. Contract negotiations between the actors union and the Alliance of Motion Picture and Television Producers (AMPTP) are continuing in the strike which began on July 14.
What the Deal Included
According to the Hollywood Reporter, the latest studio offer was said to include offers on artificial intelligence (AI), wage increases, and a success-based streaming bonus instead of a revenue share the union initially sought.
A studio-side source told the outlet that the proposal was characterized as "worth more than three of the last deals put together," and if a deal with SAG-AFTRA has not been reached by this weekend or early next week, the studios would be "finished."
An expanded group of studio leaders met with SAG-AFTRA's negotiating committee on Saturday (November 4), as they presented their latest package. In a sign that the stakes were high for all involved, the group included leaders from all major studios and streamers beyond the group of four - Netflix's Ted Sarandos, Disney's Bob Iger, NBCUniversal's Donna Langley, and Warner Bros. Discovery's David Zaslav - that have attended some SAG-AFTRA bargaining sessions in the last two weeks.
Monday marks the union's 115th day of the strike.
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