OAN’s Abril Elfi
11:46 AM – Wednesday, November 8, 2023
The SAG-AFTRA actors’ union reached a tentative agreement with studios after 118 days on strike.
Breaking News: The SAG-AFTRA actors’ union strike has finally come to an end after a record-breaking 118 days. The SAG-AFTRA TV/Theatrical Committee unanimously approved the agreement, marking a significant milestone in the industry.
The agreement will now be presented to the union’s national board for final approval on Friday.
The strike, which began on July 14th, caused a major disruption in the entertainment industry for nearly four months, raising concerns about its future.
The Alliance of Motion Picture and Television Producers (AMPTP), representing the studios, engaged in negotiations with the union throughout the year to reach a resolution. Both parties have expressed satisfaction with the accord.
The union’s president, Fran Drescher, hailed the pact as “historic,” while the studios described it as a “new paradigm” for Hollywood, television, and performers.
“We did it!!!! The Billion+ $ Deal! 3X the last contract! New ground was broke everywhere! Ty sag-aftra members for hanging in and holding out for this historic deal!” he said.
The union officially announced that the strike would end at midnight on Thursday.
“The AMPTP is pleased to have reached a tentative agreement and looks forward to the industry resuming the work of telling great stories,” the studios said in a statement.
The specific terms of the agreement, which require approval from the union’s members, have not been disclosed yet. The union will release the details once the board of directors has evaluated the agreement.
However, the union has described the billion-dollar agreement as “extraordinary,” highlighting significant pay raises, AI protections, a streaming participation bonus, and improved benefits.
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How do both parties involved in the tentative agreement describe its significance for Hollywood, television, and performers and what does this “new paradigm” mean for the future of the industry
What a month it has been in the entertainment industry! After an intense 118-day strike, the SAG-AFTRA actors’ union has reached a tentative agreement with studios, marking a significant milestone for both parties involved.
The strike began on July 14th and has caused substantial disruption in the industry for nearly four months. The Alliance of Motion Picture and Television Producers (AMPTP), representing the studios, engaged in negotiations with the union throughout the year in an effort to reach a resolution. The strike raised concerns about the future of the entertainment industry, but now there is hope for a brighter future.
The SAG-AFTRA TV/Theatrical Committee unanimously approved the agreement, signaling their support for the tentative deal. This approval is a significant step forward and sets the stage for the union’s national board to review and give final approval on Friday.
Fran Drescher, the union’s president, hailed the agreement as “historic.” The specific terms of the agreement have not been disclosed yet, but both parties have expressed satisfaction with the accord. The studios themselves described it as a “new paradigm” for Hollywood, television, and performers.
The strike’s end comes as a relief to many within the industry. It had been a challenging period for actors, studios, and fans alike. The impact of the strike was felt far and wide, disrupting numerous productions and causing delays in the release of films and television shows.
With this tentative agreement, the industry can now resume its work of telling great stories. The AMPTP, representing the studios, expressed their pleasure in reaching a tentative agreement and looks forward to the industry moving forward.
The strike may be over, but the impact it had will not be forgotten. It serves as a reminder of the challenges faced by actors and the importance of fair treatment and compensation. The agreement reached between the SAG-AFTRA actors’ union and the studios is a testament to the power of collective bargaining and the determination of those involved.
As for the future, it remains to be seen how this agreement will shape the industry moving forward. Will it set a precedent for future negotiations? Will it address the concerns raised by the strike? Only time will tell.
In the meantime, let us celebrate the end of a historic strike and look forward to the incredible stories that will once again grace our screens. The dedication and resilience of the actors and union members involved have made a lasting impact on the industry, and they deserve our appreciation.
So, here’s to the end of the strike and to a bright future for the entertainment industry. May it continue to captivate and inspire audiences around the world.
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