SAG-AFTRA Strike Hangs on $480 Million Gap Between Actors and Studios on Streaming Pay
variety.comGene Maddaus Senior Media Writer Talks broke down last week between the major studios and SAG-AFTRA, with the studios saying that the gap between the two sides is “too great” to continue productive negotiations.
Until they can bridge the gap, SAG-AFTRA will remain on strike and the entertainment industry will remain shut down. So how big is that gap?
About $480 million a year. That’s the difference between what SAG-AFTRA wants in a new streaming residual formula — $500 million — and what the Alliance of Motion Picture and Television Producers is currently willing to pay — $20 million.
The two sides are at odds on other issues as well, including artificial intelligence and increases in minimum rates. But it was the vast gap on streaming residuals that prompted the breakdown in talks.
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