The Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTRA) is currently reviewing a proposal from the Alliance of Motion Picture and Television Producers (AMPTP). This proposal is described by the studios as their 'last, best, and final offer' in an attempt to resolve the ongoing actors' strike. The strike, which has now reached its 115th day, has seen actors and writers demanding better pay, particularly for shows and movies on streaming platforms.
The proposal under consideration includes what is being touted as the highest wage increase in 40 years. This includes a 100% increase in performance compensation bonuses for high-budget streaming series and movies. The offer also includes full AI protections. However, it's important to note that there are contradictions in the reported wage increase. While one source mentions the highest wage increase in 40 years, another source mentions a 5% pay raise, indicating a discrepancy in the reported figures.
As the proposal is being reviewed, no official meetings between SAG-AFTRA and the studios are scheduled for the upcoming week. However, the guild has organized pickets in front of studio lots and offices in both Los Angeles and New York. The studios involved in the negotiations include major industry players such as Netflix, Disney, NBCUniversal, Paramount, Amazon, Sony, and Warner Bros Discovery, among others.
The outcome of this proposal and the ongoing strike will have significant implications for the film and television industry. As the situation develops, both the studios and the actors' guild will be under scrutiny from industry stakeholders and the public.