Hollywood actors reach an agreement with studios to end the strike

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The Union of American actors (SAG-AFTRA) this Wednesday reached an agreement in principle with the major studios of Hollywood and streaming platforms for signing a new collective agreement which would mark the end of a strike that has lasted 118 days.

Our strike is officially over and all pickets have been suspended (…) We have reached an agreement that will allow SAG-AFTRA members of all categories to build sustainable careers,” the union reported in a statement.

The SAG-AFTRA negotiating committee approved the agreement in a unanimous vote Wednesday, with the strike ending at 12:01 a.m. Thursday local time.

The agreement still has to be ratified by the union’s board of directors and members, and once that happens the details of the contract that will govern the next three years of employment between SAG-AFTRA and the studios represented by the union will be announced. Alliance of Film and Television Producers (AMPTP).

However, the union announced that it reached an agreement “of extraordinary scope” that includes increases in minimum wages“unprecedented provisions” that will protect performers from the threat of artificial intelligence (AI), as well as “the establishment of a participation premium for streaming.”

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