The longest actors’ strike in Hollywood history ended on Nov. 9 after the union’s negotiating committee approved a deal on a unanimous vote, Variety reports. The tentative agreement goes to the SAG-AFTRA national board for approval on Friday.
The new contract, worth over $1 billion, will see actors receive a “streaming participation bonus” and increases in pension and health contributions.
“We have arrived at a contract that will enable SAG-AFTRA members from every category to build sustainable careers,” the union said in the email. “Many thousands of performers now and into the future will benefit from this work.”
The use of AI was a big concern for actors as the technology continues to advance and gain steam in the industry. But now “unprecedented provisions for consent and compensation will protect members from the threat of AI,” SAG-AFTRA says.
The Alliance of Motion Picture and Television Producers says the new deal “represents a new paradigm” between the two parties.
“The AMPTP is pleased to have reached a tentative agreement and looks forward to the industry resuming the work of telling great stories,” the employer group said.
Source: Black Enterprise
