SAG-AFTRA Strike Is Over - Actors Celebrate In Los Angeles
The SAG-AFTRA strike is over! Hollywood has a new day. After being shut down for six months by the first of two strikes in the entertainment city, the business is finally ready to start up again.
Author:Alex MercerReviewer:Nathanial BlackwoodNov 10, 2023738 Shares92.2K Views
The SAG-AFTRA strike is over! Hollywood has a new day. After being shut down for six months by the first of two strikes in the entertainment city, the business is finally ready to start up again.
The union for more than 150,000 screen actors, SAG-AFTRA, has been on strike since July. On Wednesday, they reached a tentative agreement on a new contract with the Alliance of Motion Picture and Television Producers, a trade group that includes the biggest studios and streamers.
SAG-AFTRA Strike Is Over
People from SAG-AFTRA got together at All Season Brewing in Los Angeles on Wednesday night to celebrate the end of the 118-day actors' strike and the union's tentative deal on a new three-year contract with studios and streamers.
Party planners said they picked the brewery because it was close to SAG-AFTRA headquarters, where the deal had been approved by the union's negotiating committee just hours before.
There were cheers from the actors when members of the negotiating committee, such as Frances Fisher, Shari Belafonte, and Avis Boone, showed up to join the party after Wednesday's vote and Tuesday's 10-hour session.
After being on strike for 118 days, SAG-AFTRA and the studios came to a possible agreement on a new contract on Wednesday. This could mean that Hollywood is back to normal in a few weeks.
We have heard that the strike will end at 12:01 a.m. PT on Thursday, November 9. This will end more than seven months of labor trouble in Hollywood, during which the Writers Guild and SAG-AFTRA went on strike together for the first time in more than 60 years. The deal was agreed upon by everyone in the union's negotiating group. The next step is for the SAG-AFTRA national board to approve the deal on Friday.
Over the last few days, the two sides have been putting the finishing touches on the deal. It will give players the first-ever protections against AI and a historic pay raise. Because of the deal, most minimum wages will go up by 7%, which is 2% more than what the Writers Guild of America and the DirectorsGuild of America got.
The specifics won't be known until the union makes them public, but SAG-AFTRA's statement gives us a good idea of what's going on. People in the union think the contract is worth $1 billion. It has "extraordinary scope"that includes higher minimum wages, better pension and health plans, “unprecedented provisions for consent and compensation”to protect members from AI threats, and, for the first time, a "streaming participation bonus,"which probably means that workers who are part of successful streaming shows and movies will be paid more.
Background performers, also known as extras, will get paid more as part of the deal, which also includes “critical contract provisions protecting diverse communities.”
The Hollywood Writers' Guild (WGA) ended its own strike in late September. Like the WGA, SAG-AFTRA wanted to make some changes to their contract that they said were necessary to make sure their members were paid fairly and had a future in the business.
Duncan Crabtree-Ireland, who is the executive director and top negotiator for SAG-AFTRA, said that the deal's gains made the fight worth it. Crabtree-Ireland told The Associated Press:
“„It's an agreement that our members can be proud of. I'm certainly very proud of it. We said we would only accept a fair, equitable, and respectful deal, and that’s precisely what this deal is. So I think our members, as we are able to release more of the details of it, will look at them and say, now this is something that was worth being on strike for.- Duncan Crabtree-Ireland
Final Words
The strike by players in Hollywood is finally over. There was a deal between SAG-AFTRA, the union for actors and performers, and the AMPTP, a group of Hollywood's biggest studios and production companies, late that same night on November 8. This was 118 days after the workers quit.
The dramatic day of studio earnings reports and deadlines came to an end this afternoon when the actors guild's 17-member negotiating committee voted unanimously to send a draft deal to the SAG-AFTRA board.
Alex Mercer
Author
Alex Mercer is a seasoned author and analyst specializing in wealth research, with a keen focus on evaluating the net worth of individuals across various industries. With over a decade of experience in financial analysis and wealth assessment, Alex has developed a nuanced understanding of the factors that contribute to an individual's financial status, from investments and assets to market trends and economic policies. His work involves in-depth reviews and analyses, providing insightful observations on wealth accumulation, management strategies, and the socio-economic implications of wealth distribution.
Throughout his career, Alex has become known for his ability to distill complex financial data into understandable and engaging narratives, making the subject of wealth and net worth accessible to a broad audience. His expertise is not just in numbers but in telling the stories behind them, highlighting the journeys, strategies, and decisions that lead to financial success or challenges. Alex's contributions to the field of wealth research are valuable resources for anyone looking to understand the dynamics of wealth in today's world, offering a unique perspective that bridges the gap between financial analysis and human interest.
Nathanial Blackwood
Reviewer
Nathanial (Nate) Blackwood is a distinguished financial journalist with a decade of experience in net worth analysis. He holds an Economics degree from the University of Finance and a Data Analysis certification, enabling him to blend thorough insights with engaging storytelling. Nate is known for making complex financial information accessible to a wide audience, earning acclaim for his precise and reader-friendly analyses. Beyond his writing, Nate is dedicated to financial literacy, actively participating in educational forums and workshops.
He is the founder of PureNetWealth, a platform that demystifies the financial achievements of public figures by exploring the strategies and decisions behind their fortunes. Nate's work bridges the gap between intricate economic concepts and the general public, inspiring a deeper understanding of wealth dynamics. Follow Nathanial Blackwood for essential insights into the financial narratives shaping our world.
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