Actors Guild Formalise Agreement with Hollywood Studios

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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