He Hollywood Screen Actors Guild (SAG-AFTRA) reached an agreement with the representatives of the major studios (AMPTP) that allowed put an end to the 118-day strike, the longest in the history of the industry, which paralyzed film and television productions and caused million-dollar losses.
The conflict ended at midnight after the actors accepted the offer extended by the studios last weekend, which established a 7 percent increase in minimum wages, protection against the use of Artificial Intelligence, a participation bonus in broadcasts and increases in contributions to health and pensionsaccording to the Variety site.
Although SAG-AFTRA will hold meetings throughout the country to validate this agreement, it was determined that the strike be lifted in order to resume productions with premieres scheduled for next summer in the northern hemisphere, something that kept the major studios awake.
“We have reached a contract that will allow SAG-AFTRA members of all categories to build sustainable careers. Many thousands of artists, now and in the future, will benefit from this work,” the Union reported in a statement.
Meanwhile, different members of the union in different contacts with the press described the achievement as “extraordinary” and stated that it was a “great victory.”
They also accepted that it was not the “perfect agreement”, but assured that they will try to make new progress in the next negotiation, which will take place in 2026.
For its part, the AMPTP issued a statement in which it expressed that the agreed contract “represents a new paradigm” and expressed its hope that “the industry resumes the work of telling great stories.”
Although representatives of the studios had approached a final proposal last weekend in their final attempt to save the next summer season, the final agreement was delayed because there were still differences between the parties regarding the use of AI that forced long negotiations. meetings between Tuesday and Wednesday, when there was finally a coincidence.
In this way, the end of the longest conflict in Hollywood history was reached, which since October 17 surpassed the 95-day strike in 1980 that held that record.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
