What you should know
- The strike will officially end at 12:01 a.m. on Thursday, November 9th.
- The $1 billion deal includes increased compensation, artificial intelligence protections, a streaming participation bonus and more.
- SAG-AFTRA members and executives will now review the agreement.
The union representing actors and major Hollywood studios said Wednesday that it had reached a deal that ends a historic, multi-month strike that halted production of television and film scripts.
The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) and the Alliance of Motion Picture and Television Producers (AMPTP) bargaining committee confirmed to NBC News that they have reached a tentative agreement that union members will respond to According to Studios, they will receive the “largest minimum wage increase in the last forty years.”
AMPTP released a statement saying the deal covers new residuals for streaming programming and increased compensation, including for background actors, as well as consent protections when using artificial intelligence. According to SAG-AFTRA, the contract is worth more than $1 billion.
“We have entered into a contract that enables SAG-AFTRA members of all categories to build sustainable careers,” the union said in a statement. “Many thousands of artists will benefit from this work now and in the future.”
Further details about the contents of the agreement were not immediately disclosed. It now goes to the board and members of the union for ratification.
“The AMPTP is pleased to have reached a tentative agreement and looks forward to the industry getting back to its work of telling great stories,” the statement said.
The actors began the walkout on July 14 and went on strike for 118 days while the union and studios negotiated over salaries, restrictions on the use of artificial intelligence and benefits, among other issues. The tentative agreement comes days after AMPTP submitted what it described as its agreement “last, best and final offer” to the union.
In response to the announcement, Los Angeles Mayor Karen Bass released a statement saying she was “grateful that a fair agreement” had been reached by both sides.
“Those on the phone were the most impacted during this time and there was a ripple effect throughout our city,” Bass’ statement said. “Today’s tentative agreement will impact almost every part of our economy. Now we must lean on local production to ensure our entertainment industry recovers stronger than ever and our economy gets back on its feet.”
The Directors Guild of America (DGA) also released a statement following the announcement:
“Congratulations to SAG-AFTRA on successfully completing a tentative agreement that addresses the unique needs of its members,” DGA said. “Directors and their teams look forward to our industry getting back to work, collaborating with actors, writers, craftsmen and crews to create films and television that entertain billions around the world.”