Actors Guild Formalise Agreement with Hollywood Studios
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After months of negotiations, the Hollywood actor’s union has officially ratified its agreements with the Alliance of Motion Picture and Television Producers (AMPTP).
The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) released a statement on Tuesday, 5 December, revealing that the contract passed with 78.33% support from its members.
A preliminary agreement was reached between SAG-AFTRA and AMPTP last month, at which point the professionals returned to work while the final details were being negotiated.
AMPTP – which represents Walt Disney, Netflix and several other media companies – have agreed to grant the actors more than $1 billion in new compensation and benefits, streaming-based bonuses and guardrails for the use of artificial intelligence among other points.
SAG-AFTRA called the multi-year contract an “enormous victory for working performers” via Twitter, before adding that “it marks the dawning of a new era for the industry.”
The actors’ union includes several well-known icons like Zac Efron, Jamie Lee Curtis and Octavia Spencer among 160 000 other members. The 118-day strike – which began on 14 July – is the longest shutdown in the 90 years since the organisation’s inception.
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