SAG-AFTRA and Hollywood studios are back at the negotiation table, aiming to resolve the ongoing strike. After a day of renewed contract discussions, both parties are set to continue their talks on Wednesday.
Key Takeaways:
- SAG-AFTRA and Hollywood studios resumed contract talks.
- The guild informed members that discussions will continue on Wednesday.
- The Alliance of Motion Picture and Television Producers (AMPTP) represents the studios in these talks.
- The previous round of talks saw AMPTP abruptly ending discussions over the guild's proposed revenue sharing structure for streaming services.
- Direct meetings are now expected to occur daily.
- The actors' strike has lasted for 103 days, marking the longest strike by SAG-AFTRA against film and TV productions.
Continued Negotiations
Today, the CEOs returned to the negotiation table, with SAG-AFTRA leaders emphasizing the importance of direct communication with members. They urged members to rely on official updates and to continue their presence on the picket lines.
Previous Discussions
Earlier, SAG-AFTRA negotiators met with AMPTP at the guild's Los Angeles headquarters. This meeting took place nearly two weeks after AMPTP halted discussions over the guild's proposed revenue sharing model for streaming platforms.
Streaming Compensation: The Central Issue
The key challenge in these negotiations is reaching an agreement on streaming compensation. While the Writers Guild of America accepted a viewership bonus model, SAG-AFTRA insiders believe this model is too restrictive. Instead, the guild has proposed a 57 cents per subscriber levy, which would be distributed to members whose work is showcased on streaming services.
Other Pending Issues
Apart from streaming compensation, other issues are yet to be resolved. These include minimum wages and specific contract points tailored for actors.
Impact of the Strike
The ongoing actors' strike, which has now surpassed 103 days, is the longest strike SAG-AFTRA has ever initiated against film and TV productions. This strike has significantly impacted Hollywood's production schedule. For instance, Paramount recently announced a delay in the release of “Mission: Impossible 8” from June 2024 to May 2025.
Conclusion
As SAG-AFTRA and Hollywood studios return to the negotiation table, the entertainment industry and its audience await a resolution. The outcome of these discussions will shape the future of streaming compensation and other critical aspects of the film and TV world.
Source: TheWrap
