SAG-AFTRA Lauds New Deal, Valuing It At Over $1B With “Unprecedented” Provisions & “Extraordinary Scope”
deadline.comSAG-AFTRA says that its tentative agreement with the studios is worth more than $1B over three years and added that it has “extraordinary scope” and “unprecedented provisions”.
It comes as the long walkout by the actors, which followed that of the writers, is finally over. The union said that the full details of the agreement will not be provided until it is reviewed by the SAG-AFTRA National Board.
The AMPTP came out earlier today, calling the deal the “biggest contract-on-contract gains in the history of the union” and one that represents a “new paradigm” “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 PT on Nov. 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,” SAG-AFTRA said in a note to members. “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.
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