The full terms of the three-year deal are yet to be announced, as it awaits review by the SAG-AFTRA National Board, but a statement released by the unions confirmed an agreement had been reached.
This also outlined its scope, which includes: “‘Above-pattern’ minimum compensation increases, unprecedented provisions for consent and compensation that will protect members from the threat of AI, and for the first time establishes a streaming participation bonus.”
The news comes after negotiations renewed on 24th October following a nearly two-week break brought on by the studios’ decision to walk away from the table.
The AMPTP also released a statement calling the tentative agreement a “new paradigm”.
“It gives SAG-AFTRA the biggest contract-on-contract gains in the history of the union, including the largest increase in minimum wages in the last forty years; a brand new residual for streaming programmes; extensive consent and compensation protections in the use of artificial intelligence; and sizeable contract increases on items across the board,” it said.
“The AMPTP is pleased to have reached a tentative agreement and looks forward to the industry resuming the work of telling great stories.”
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The strike is the longest in SAG-AFTRA’s 90-year history. The WGA strike, which ended on 27th September, marked the union’s second-longest work stoppage, after 1988’s 153-day strike.
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