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☆ Big media rallies as tentative actors' deal paves way for restarting productions
▼ + stars: | 2023-11-09 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 3% each, Netflix (NFLX.O) rose marginally, while Walt Disney (DIS.N) jumped 4%, as it also benefited from strong earnings and a plan to cut more costs. The writers, who had gone on strike before the actors in spring, returned to work in late September, but most productions remained halted as the actors were on picket lines. "Its certainly a very encouraging sign the chasm that opened up between actors, writers and studios can finally be closed and work begin in earnest on re-starting productions," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Streeter warned that "it's going to take considerable time before new movies, in particular, will appear on screens given the lengthy post-production process." Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Streeter, Samrhitha, Shinjini Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Hollywood, Bengaluru

☆ SAG-AFTRA actors' union reaches tentative labor agreement with Hollywood studios
▼ + stars: | 2023-11-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, October 20, 2023. Hollywood's actors and studios have a preliminary labor agreement. The tentative deal will go to the union's national board Friday for "review and consideration," the statement said, and added that further details will be released following the meeting. The actors strike, which has lasted 118 days, will end at midnight and the SAG-AFTRA board will convene on Friday to review the final deal. Hollywood actors initiated a work stoppage in mid-July as negotiations broke down with studios including Disney , Paramount , Universal , Netflix and Warner Bros.

Persons: AFTRA Organizations: Paramount Studios, SAG, Screen Actors, American Federation of Television, Radio Artists, Alliance, Television Producers, Hollywood, Disney, Paramount, Universal, Netflix, Warner Bros . Discovery . Studios, Television, Writers Guild of America, Comcast, CNBC Locations: Los Angeles , California, NBCUniversal

☆ SAG-AFTRA reportedly reaches tentative deal with Hollywood studios
▼ + stars: | 2023-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSAG-AFTRA reportedly reaches tentative deal with Hollywood studiosHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: SAG, Hollywood, CNBC

One of the longest labor crises in Hollywood history is finally coming to an end. Upset about streaming-service pay and fearful of fast-developing artificial intelligence technology, actors joined screenwriters on picket lines in July. The writers had walked out in May over similar concerns. It was the first time since 1960, when Ronald Reagan was the head of the actors’ union and Marilyn Monroe was still starring in films, that actors and writers were both on strike. Brooks Barnes and Nicole Sperling reported from Los Angeles and John Koblin from New York.

Persons: —, Ronald Reagan, Marilyn Monroe, Brooks Barnes, Nicole Sperling, John Koblin Organizations: SAG Locations: Hollywood, Los Angeles, New York

☆ Meet the guy in charge of deciding how to spend $1.2 trillion from Biden’s infrastructure bill
▼ + stars: | 2023-11-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

You can see in the funding for the infrastructure bill that we’re working hard to do all of that. We want to build generational wealth and do it in a way that heals communities rather than separates them. Between the Bipartisan Infrastructure Law, the Inflation Reduction Act and the CHIPS act, there’s been a $1.8 trillion dollar investment. You may recall that when this conversation started about three or four years ago, the number was $6 trillion. So $1.2 trillion is significant, but it’s just a downpayment on what the real needs are.

Persons: Mitch Landrieu, Joe Biden, Biden’s, Landrieu, Bell, you’ve, We’re, Biden, it’s, He’s, he’s, there’s, I’ve, Catherine Thorbecke, ”, David Tolley, WeWork, Adam Neumann, Neumann, ’, AFTRA, Ramishah Maruf, “, ” It’s Organizations: CNN Business, Bell, New York CNN, White, Infrastructure Investment, Jobs Act, Economic Security, Infrastructure Law, SAG, ’ Locations: New York, New Orleans, Lowndes County , Alabama, Napakiak, Alaska, China, America, Hollywood

☆ Bob Iger's return as Disney's CEO once sparked hope inside the company. Now, insiders are anxious and losing faith.
▼ + stars: | 2023-11-07 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com time to read: +15 min

"There was a lot of excitement and hope at the return of Bob Iger a year ago," a current Disney staffer told Insider. Uncertainty about the company's future and about who's deciding what on the creative side has left execs in a state of inertia, according to an entertainment lawyer with knowledge of Disney's business. The declining linear TV business culminated in a standoff with Charter Communications over terms for a new contract for carrying Disney's cable channels. And Disney's streaming business, which was supposed to make up for the decline in cable revenues, has lost $11 billion since Disney+ launched in 2019. Churn is a top concern in Disney streaming, some employees said.

Persons: Goofy, what's, Bob Iger, Bob Chapek, He's, confidants, Zenia Mucha, Alan Braverman, Alan Horn, Jayne Parker, Christine McCarthy —, Mickey, Ariel, grumbled, Iger's, It's, he's, Iger, Paul Verna, Chapek, Bob, it's, Ron DeSantis —, Iger —, Nelson Peltz, he'd, hasn't, Verna, Disney, Ike Perlmutter, Peltz, Perlmutter, Ike, Disney's, Paul Singer, Kevin Mayer, Tom Staggs, Puck, Stagg's Blackstone, Intelligence's Verna Organizations: Walt Disney Co, Disney, ABC, Hollywood, CNBC, Writers Guild of America, Wall, Insider Intelligence, Marvel, Lucasfilm, Century Fox, Google, Facebook, Netflix, Communications, Florida Gov, Hulu, ESPN Iger, FX, Geographic, ESPN, Apple, Electronic, Elliott Investment Management, Bloomberg, Mayer Locations: Burbank, Hollywood, Florida's, Iger

☆ Striking actors say they have rejected the Hollywood and TV studios’ ‘best and final offer’
▼ + stars: | 2023-11-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending the industry-freezing strike. The actors’ union said in a message to its members that there are several “essential items” that the two sides have yet to reach agreement on, such as the use of AI. SAG-AFTRA, which represents about 160,000 actors, announced its members would walk off sets on July 14, joining the striking writers in a historic double walkout against the studios. Both unions have advocated for restrictions on the use of artificial intelligence, a technology that actors and writers alike believe poses an existential threat to their livelihoods. Members of the Writers Guild of America union ratified a new contract with Hollywood and television studios in early October.

Persons: AFTRA, “, ”, It’s, – CNN’s David Goldman Organizations: New, New York CNN, SAG, ’, Alliance, Television Producers, Disney, Netflix, Warner Bros . Discovery, Warner Bros, CNN, Writers Guild of America, Hollywood Locations: New York

☆ SAG-AFTRA says studios’ latest offer falls short of union’s AI demands
▼ + stars: | 2023-11-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors' union and Hollywood studios and streamers failed to reach an agreement. (Photo by John Nacion/Getty Images)SAG-AFTRA actors aren't totally on board with Hollywood studios' latest labor agreement pitch. Studios put forth this "last, best and final offer" over the weekend, with top executives making clear that they would not make further concessions. Later in the month, talks resumed again, but so far, SAG-AFTRA and the AMPTP have been unable to reach a deal.

Persons: Rebecca Damon, John Nacion, aren't, AFTRA Organizations: NEW, SAG, Hollywood, Getty, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Paramount, Universal, Netflix, Warner Bros ., Television, Comcast, CNBC Locations: New York City, NBCUniversal

☆ All of the production delays is making Netflix stronger, says LightShed's Rich Greenfield
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll of the production delays is making Netflix stronger, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the state of the SAG-AFTRA strike, the impact on Hollywood studios and box office, and more.

Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: Netflix, LightShed Partners, SAG, Hollywood

☆ Actors, Hollywood studios still at odds on AI and other issues, union says
▼ + stars: | 2023-11-02 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Nov 1 (Reuters) - Negotiators for Hollywood actors and major studios have not resolved concerns about artificial intelligence (AI) and other issues in talks aimed at ending an 111-day strike, the SAG-AFTRA union said late Wednesday. The union has been seeking limits on how studios can use generative AI technology when making movies and TV shows. Actors fear they may be replaced by digital performers or that their likenesses may be used without their permission. "We continue to await the AMPTP's response to our comprehensive counter proposal package which we gave them on Saturday, addressing outstanding issues," SAG-AFTRA said.

Persons: Mario Anzuoni, Walt Disney, AFTRA, Lisa Richwine, Gerry Doyle Organizations: Paramount Studios, REUTERS, Hollywood, SAG, Alliance, Television Producers, Netflix, Wednesday, Milken Institute, Thomson Locations: Los Angeles , California, U.S, New York, Los Angeles, United States, California

☆ UAW strike: GM and union reach tentative labor agreement
▼ + stars: | 2023-10-30 | by ( Vanessa Yurkevich | Chris Isidore | ) edition.cnn.com time to read: +6 min

Neither the union nor GM would confirm the tentative deal. Most recently that happened at Mack Trucks, where nearly 4,000 UAW members went on strike on October 8 after voting no on their own tentative agreement. There are a total of more than 18,000 UAW members at GM now on strike, though they could be returning to work within days. The strike had a total of nearly 50,000 UAW members on strike at one point or another, although not all at the same time. During the UAW strike, a coalition of unions at Kaiser Permanente had 75,000 workers walk out in the largest US health care strike in history.

Persons: Stellantis, Mack Trucks, Fain, Ford, Joe Biden, Biden, Betsy Klein Organizations: New, New York CNN —, Motors, United Auto Workers, America’s, Ford, GM, UAW, Mack, EV, Air Force, Kaiser Permanente Locations: New York, Spring Hill , Tennessee, Arlington , Texas, Fargo, Michigan, Delaware

☆ Studios Said to See Progress in Talks With Striking Actors
▼ + stars: | 2023-10-29 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

Following several productive days at the negotiating table, Hollywood studios are growing optimistic that they are getting closer to a deal to end the 108-day actors’ strike, according to three people briefed on the matter. SAG-AFTRA, as the actors’ union is known, had been asking for an 11 percent raise for minimum pay in the first year of a contract, for instance. Studios had insisted that they could offer no more than 5 percent, the same as had recently been given (and agreed to) by unions for writers and directors. Early last week, however, studios lifted their offer to 7 percent. The Alliance of Motion Picture and Television Producers, which negotiates on behalf of the major entertainment companies, declined to comment.

Persons: ’, AFTRA Organizations: Hollywood, SAG, Alliance, Television Producers

☆ Striking Hollywood actors pass counteroffer ahead of further talks with studios
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 27 (Reuters) - Striking Hollywood actors have made a comprehensive counteroffer to the major studios, the SAG-AFTRA performers' union said in a post on social media platform X. Ahead of Friday's talks, a group of SAG-AFTRA members published an open letter to the union leadership, urging the negotiating committee to continue fighting for improved compensation, royalties and workplace protections. The latest counteroffer submitted by the actors union on Thursday comes after media companies and the union representing striking U.S. actors returned to the bargaining table on Tuesday. Members of SAG-AFTRA, which represents 160,000 actors and other media professionals, have been on strike since July.

Persons: Mario Anzuoni, Friday's, we’ve, Gursimran Kaur, Dawn Chmielewski, Clarence Fernandez, Jonathan Oatis Organizations: Paramount Studios, REUTERS, SAG, Alliance, Television Producers, Walt Disney, Netflix, Solidarity, Hollywood, Thomson Locations: Los Angeles , California, U.S, Bengaluru, Dawn, Los Angeles

NEW YORK (AP) — The eighth installment of the “Mission: Impossible” franchise has been postponed a year, signaling a new wave of release schedule juggling for Hollywood studios as the actors strike surpasses three months of work stoppage. Paramount Pictures on Monday shifted the release date of “Dead Reckoning — Part Two” from June 28 to May 23, 2025. A string of Marvel movies have previously shifted back, as did the third “Venom” film. “Spider-Man: Beyond the Spider-Verse," has been delayed indefinitely after being dated for March 2024. Negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and the studios are scheduled to resume Tuesday.

Persons: Christopher McQuarrie's, Tom Cruise, Barbie ”, “ Oppenheimer, it's, ”, Lupita Nyong’o Organizations: Hollywood, Paramount Pictures, Paramount, Screen, American Federation of Television, Radio Artists

☆ Opinion: I’ve sacrificed for a Hollywood acting career. This is where I draw the line
▼ + stars: | 2023-10-22 | by ( Zamira Rahim | Opinion Mehdi Barakchian | ) edition.cnn.com time to read: +9 min

In case you haven’t followed the actors’ strike, the AMPTP and SAG-AFTRA are negotiating revenue sharing and policies around use of artificial intelligence (AI), among other items. I’m fortunate to have enough success acting full time that I’ve been able to pay my bills and acquire health insurance. Prior to the advent of streaming, actors like me relied on residuals paid out based on how often we appeared in a show and how successful it was. In short, actors work much more to make ends meet and still sometimes find ourselves earning less. When streaming first showed up, it had a lot of work to do to draw and maintain audiences.

Persons: Mehdi Barakchian, Mehdi Barakchian Nick Toren, won’t, “, lister, I’ve, ”, it’s, don’t, AFTRA, What’s, you’re, Ben Affleck, Emma Stone, George Clooney, They’ve Organizations: CNN, Hollywood, SAG, Alliance, Television Producers, US Bureau of Labor Statistics, Disney, Warner Brothers, Netflix, Warner Bros, Twitter, Facebook, teamsters, Writers Guild of America Locations: New York, California, Los Angeles and New York, Los Angeles, Hollywood

☆ Actors and Hollywood Studios to Restart Negotiations
▼ + stars: | 2023-10-21 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

The major entertainment studios and the union representing tens of thousands of striking actors will return to the negotiating table on Tuesday, less than two weeks after talks were suspended because the sides remained far apart on significant issues. The restart of negotiations was announced in a joint statement on Saturday from the Alliance of Motion Picture and Television Producers, which bargains on behalf of the studios, and SAG-AFTRA, the actors’ union. On Oct. 9, the Writers Guild of America ratified its new contract and there had been hope that a new deal with the actors would follow. The strikes have been devastating financially for many, both within and outside the industry. But an agreement with the actors would mean getting back to work without losing the entirety of the fall television schedule or having next summer’s moviegoing season upended.

Persons: —, Donna Langley, Ted Sarandos, Robert A, David Zaslav — Organizations: Alliance, Television Producers, SAG, Netflix, Walt Disney Company, Warner Bros, Writers Guild of America Locations: California

☆ Hollywood's AI issues are far from settled after writers' labor deal with studios
▼ + stars: | 2023-10-16 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The Writers Guild of America's labor deal with Hollywood studios was billed as a big win for writers, but industry experts fear the agreement's artificial intelligence guardrails won't be enough. The contract does, however, leave room for studios to train AI using preexisting material. WGA's original May proposal, which triggered the strike, would have disallowed studios from using any materials to train AI outright. Hollywood studios training AI with preexisting materials could create a whole new set of issues for writers by allowing the studios to use previous work to generate similar materials without the writer's consent or even awareness. Allowing studios to train AI with preexisting material was a "punt" down the line, and studios will inevitably "push to use AI as far as possible," said Peter Csathy, founder and chairman of media legal advisory company Creative Media.

Persons: Justine Bateman, Leslie Callif, Donaldson, Callif, Peter Csathy Organizations: Writers Guild of America, The, Hollywood, CNBC, WGA, Alliance, Television Producers, Beverly, Creative Media Locations: Netflix's, York, New York City, Hollywood, Beverly Hills, U.S

☆ Kaiser Permanente labor deal shows why short, disruptive strikes are becoming more common
▼ + stars: | 2023-10-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

And the union’s win is just the latest reason why short strikes are happening more and more. That’s up 86% from the number of short strikes in the same period of 2021. There have been only 98 strikes lasting more than a week so far this year, or half the number of short strikes, a more modest 20% increase from 2021. The short duration strikes pain on employers while not forcing union members to give up as much. “Sometimes the shock of the short strike produces the movement at the table.

Persons: there’s, —, Kaiser, ”, Todd Vachon, John Borsos, Johnnie Kallas, “, ” Kallas, “ We’re, Lester Garcia, ” Garcia Organizations: New, New York CNN, Kaiser Permanente, United Auto Workers Union, General Motors, Ford, Hollywood, Writers Guild, SAG, Cornell University School of Industrial and Labor Relations, Los Angeles Unified School District, Rutgers University, “, Labor Department, UAW, Sacramento City Teachers Association, Cornell, Starbucks Workers United, Los Locations: New York, Minnesota, Los Angeles

Drescher told The Associated Press in a Thursday interview that she did not understand why negotiations collapsed but that her union's resolve has not weakened. Political Cartoons View All 1209 ImagesI’ve never really met people that actually don’t understand what negotiations mean. Was there a sense that talks would be smoother after the studios reached a deal with the Writers Guild of America? And we can’t think that way anymore. They don’t really want to negotiate.

Persons: — Fran Drescher, she's, Drescher, DRESCHER, “, it’s, I’ve, “ Fran, Writers Guild of America ? DRESCHER, didn’t, we’ve, ”, Everybody, that’s Organizations: ANGELES, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Associated Press, Writers Guild of America Locations: hollywood

☆ George Clooney to studios: 'At least get in the room' with striking actors
▼ + stars: | 2023-10-13 | by ( Omar Younis | ) www.reuters.com time to read: +2 min

[1/3] Actor George Clooney speaks at an event for the second year of the Roybal School of Film and Television Production Magnet at the Edward R. Roybal Learning Center in Los Angeles, California, U.S., October 13, 2023. REUTERS/Mario Anzuoni Acquire Licensing RightsLOS ANGELES, Oct 13 (Reuters) - Oscar winner George Clooney urged Hollywood studios on Friday to return to the bargaining table with striking actors to try and resolve their differences over a new labor contract. Negotiations between the studios and the SAG-AFTRA actors' union were suspended on Wednesday after studios rejected a demand for a bonus tied to the number of streaming TV subscribers. Don't take a vacation," Clooney said when asked about the ongoing strike while attending a ceremony in Los Angeles at the Roybal School of Film and Television Production Magnet, which he co-founded. "Hopefully we can just get in a room and get this thing solved," he said.

Persons: George Clooney, Edward R, Mario Anzuoni, Clooney, Fran Drescher, Walt Disney, Omar Younis, Lisa Richwine, Sandra Maler Organizations: Roybal, of Film, Learning, REUTERS, Hollywood, SAG, Television Producers, Netflix, Thomson Locations: Los Angeles , California, U.S, Los Angeles, California

☆ Contract talks break down between Hollywood actors, studios
▼ + stars: | 2023-10-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

LOS ANGELES, Oct 12 (Reuters) - Negotiations between Hollywood studios and the SAG-AFTRA actors' union were suspended on Wednesday as the two sides clashed over streaming revenue, the use of artificial intelligence and other issues at the core of a three-month work stoppage. The union resumed negotiations with studios last week after the Writers Guild of America (WGA) ended its work stoppage. [1/2]Actor Billy Crudup joins fellow SAG-AFTRA actors walking a picket line during their strike in Manhattan in New York City, New York, U.S., September 28, 2023. SAG-AFTRA countered that the AMPTP had overstated the cost by 60% and accused the studios of "bully tactics." Members of the WGA approved a new three-year contract with major studios this week, five months after the union called a strike.

Persons: AFTRA, Walt Disney, Billy Crudup, Mike Segar, AMPTP, Lisa Richwine, Gursimran Kaur, Kim Coghill, Robert Birsel Organizations: Hollywood, SAG, Writers Guild of America, WGA, Alliance, Television Producers, Netflix, REUTERS, Guild of America, Thomson Locations: U.S, California, Manhattan, New York City , New York, Los Angeles, Bengaluru

☆ Hollywood Studios Suspend Talks With Actors
▼ + stars: | 2023-10-12 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 5fdda1d6

☆ Negotiations suspended between Hollywood studios and actors’ union
▼ + stars: | 2023-10-12 | by ( Rob Mclean | ) edition.cnn.com time to read: +1 min

CNN —The Alliance of Motion Picture and Television Producers said late Wednesday that negotiations with SAG-AFTRA — the union representing about 160,000 actors — have been suspended. The suspension came after the actors’ union presented its latest proposal to the AMPTP, according to the statement. SAG-AFTRA presented few, if any, moves on the numerous remaining open items.”In this round of negotiations, AMPTP said it had made a list of offers to the union that included a “first-of-its-kind success-based residual for High-Budget SVOD productions” and several AI protections. SAG-AFTRA has been on strike since July 14, joining the fray a little more than two months after the writers’ strike began. The writers’ strike ended in late September, and members of the Writers Guild of America ratified a new contract with Hollywood and television studios on October 9.

Persons: —, AMPTP, AFTRA Organizations: CNN, Alliance, Television Producers, SAG, Amazon Prime, Writers Guild of America, Hollywood

☆ Striking Hollywood actors, studios suspend contract negotiations
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Actor Billy Crudup joins fellow SAG-AFTRA actors walking a picket line during their strike in Manhattan in New York City, New York, U.S., September 28, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsOct 12 (Reuters) - Talks between Hollywood studios and negotiators for the SAG-AFTRA actors' union have been suspended after the union presented its most recent proposal, the Alliance of Motion Picture and Television Producers (AMPTP) said on Wednesday. This week, members of the WGA approved a new three-year contract with major studios, five months after the union called a strike. The new contract provides pay raises, some protections around use of artificial intelligence and other gains. AMPTP said it hoped the actors' union would reconsider and return to productive negotiations soon.

Persons: Billy Crudup, Mike Segar, Walt Disney, AFTRA, AMPTP, Gursimran Kaur, Kim Coghill, Robert Birsel Organizations: SAG, REUTERS, Hollywood, Alliance, Television Producers, Walt, Netflix, Guild of America, WGA, Thomson Locations: Manhattan, New York City , New York, U.S, Hollywood's, Bengaluru

☆ Hollywood strikes: Negotiations between the studios and SAG-AFTRA have been suspended as the gap between them 'is too great'
▼ + stars: | 2023-10-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Negotiations between Hollywood studios and SAG-AFTRA, the actors' union, have been suspended. On Wednesday, the Alliance of Motion Picture and Television Producers said the gap between the two sides is "too great." AdvertisementAdvertisementNegotiations between SAG-AFTRA, the striking actors' union, and Hollywood studios have been suspended, the Alliance of Motion Picture and Television Producers, or AMPTP, said Wednesday. Over 160,000 union members of SAG-AFTRA started striking on July 14, joining a writers' strike that began on May 2. The Writer's Guild of America came to a tentative agreement with Hollywood studios on September 24.

Persons: Television Producers, AFTRA, —, Insider's Reed Alexander, Alison Brower Organizations: Hollywood, SAG, Alliance, Television, Service, Television Producers, of America

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