The new SAG-AFTRA agreement includes pay raises and protections against the use of artificial intelligence (AI), although the details of the agreement are not yet public.
Negotiators reportedly failed to secure a cut of streaming revenues for union members, which had been a top priority throughout the four-month strike, the longest in the union’s history.
The tentative agreement comes a little more than a month after Hollywood writers, who went on strike in May, reached a separate agreement with studios.
The duel strikes — the first time the two unions had gone on strike together since 1960 — ground the industry to a standstill, effectively stopping production of scripted films and television for half a year.
SAG-AFTRA touted the contract Wednesday as “valued at over one billion dollars.”
In an initial press release, the union also said the deal contains minimum pay increases and “unprecedented” consent and compensation provisions related to the use of AI by studios.
The Alliance of Motion Picture and Television Producers (AMPTP), which represents studios, streaming services and production companies in negotiations with SAG-AFTRA, described the agreement as the “biggest contract-on-contract gains in the history of the union.”
Studios succeeded in killing actors’ initial proposal to share 2 percent of streaming revenue.
After the issue led to a breakdown in talks between the two sides last month, the studios said the revenue sharing demands would be “an untenable economic burden.”
Studios are expected to cut back on production as they face higher labor costs as a result of the deal with SAG-AFTRA.
Additional details are expected after the SAG-AFTRA national board reviews the agreement on Friday.
The Hill’s Julia Shapero has more here.
