Hollywood actors have reached a tentative agreement with major studios and streaming services which could end six months of strikes.
The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) announced its TV and theatrical committee has unanimously endorsed a provisional deal with the Alliance of Motion Picture and Television Producers (AMPTP) on Wednesday afternoon.
The agreement means the strikes are likely to end at 12:01 a.m. on Thursday (November 9).
READ MORE: Hollywood Writers Officially End Five-Month Strike
This resolution of the 118-day row now paves the way for the resumption of production of television series and movies.
Actors are set to resume their promotional activities for forthcoming titles both online and at high-profile events.
After several weeks of intense discussions, the union and the group representing studios and streamers, including giants like Netflix, Disney, Warner Bros. Discovery, and Amazon.com, have reached this preliminary agreement.
The deal is described as “a new paradigm” by the studios and streaming coalition.
The agreement includes the most significant raise in minimum wages in four decades.
It also includes a novel residual structure for streamed content.
It also features “extensive consent and compensation protections” concerning the use of artificial intelligence.
The union says the agreement is worth over $1 billion and encompasses a “streaming participation bonus, among other bonuses.
The SAG’s national board is set to look at the tentative agreement on Nov. 10, with further details expected to be released post-meeting.
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Work could continue on shows like “Stranger Things” and “Abbott Elementary”
The union told its members: “We have arrived at a contract that will enable SAG-AFTRA members from every category to build sustainable careers.
Television and movie writers were also holding strikes, but stopped their protest in September.
The strikes stopped production on new series of shows like “Stranger Things” and “Abbott Elementary.”
They also delayed the major films from Warner Bros like “Dune: Part Two” and Paramount’s next “Mission: Impossible” chapter.
The anticipated return to work is expected to create a surge in demand for sound stages and crews.
This is likely to influence which television shows can commence production and which will remain on hold.
