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“We have opened up a new source of income. We have reached into another pocket,” said SAG-AFTRA President Fran Drescher at a press conference on Friday (local time).
The union has partially achieved its goal of getting the streaming services to share more revenue with the actors. While the companies rejected previous proposals, including a per-subscriber fee, they agreed to new bonuses.
The proposed three-year contract, which the union says is worth more than $1 billion over three years, was approved by 86 percent of SAG-AFTRA’s national board. Union members must now vote on whether to ratify the agreement with Netflix, Walt Disney, Warner Bros. Discovery and other members of the Alliance of Motion Picture and Television Producers (AMPTP). The vote is expected to be completed in early December, said chief negotiator Duncan Crabtree-Ireland.
The striking Hollywood actors reached a tentative agreement with the major film studios on Thursday. This ended an almost four-month walkout. The negotiating committee of the union, which represents around 160,000 actors, but also voice actors and singers, had previously voted unanimously in favor of the agreement.
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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.
