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Striking actors agree to restart talks with Hollywood studios
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By Nithya Bose in US Employment News, posted October 23, 2023
Hollywood actors and studios will resume contract negotiations to end a months-long strike that has halted TV and film production.
Talks will resume on Tuesday, October 24.
It’s nearly two weeks after the Alliance of Motion Picture and Television Producers (AMPTP) walked away from negotiations, due to a revised union demand for a share of streaming revenue.
Read More: Hollywood Studios Shelves Talks With Striking Actors
AMPTP represents companies like Warner Bros. Discovery, Disney, and Netflix,
Pressure from prominent members, including George Clooney and Emma Stone, urges the actors' union to reach an agreement and restart the industry.
The Writers Guild of America ended its nearly five-month strike against the AMPTP in late September.
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Leaders from entertainment majors, including Disney's CEO Bob Iger, Netflix's Co-CEO Ted Sarandos, NBCUniversal Studio Group's Donna Langley, and Warner Bros. Discovery's Chief David Zaslav, would participate in the negotiations.
This week, several leading stars, led by Clooney, offered to increase union dues and restructure royalty distribution to ensure that less successful performers are compensated first.
However, SAG President Fran Drescher said such offers may face regulatory hurdles and will not address the underlying long-term issues that performers grapple with.
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The strikes have wreaked havoc on movie and television production schedules.
Its also caused significant economic repercussions in Los Angeles and other entertainment-dependent regions.
Major studios have postponed the release of key films, and TV networks have had to overhaul their fall program lineups.
Some studios have had to sever high-profile talent agreements and abandon planned projects.
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