Actors’ union says it has received ‘last, best and final’ offer from studio

Actors' union says it has received 'last, best and final' offer from studio

The negotiating committee of the actors’ union, SAG-AFTRA, told its members Saturday that it has received the “last, best and final offer” from major entertainment studios as the strike has brought much of Hollywood to a standstill. 114th day.

“We are reviewing this and considering our response in the context of the key issues addressed in our proposals,” the negotiating committee said. They did not say when they would respond to the offer, which came after an hour-long video conference call that included top studio executives.

A person familiar with the proposal, speaking on condition of anonymity due to the sensitivity of the negotiations, said the proposal included pay increases that could be the highest in four decades. The studio also provided a new way for actors to set residuals for streaming programs, including consent and compensation requirements based on performance metrics and protections over artificial intelligence. The studios also offered increases in pension and health funds.

Saturday’s virtual meeting, attended by the largest group of top entertainment executives yet to engage with the negotiating committee, underscores the urgency with which studios are trying to salvage the fall television season and next summer’s theatrical box office. Want to return to work in an effort to ensure. Do not be interrupted.

Four executives have led the negotiations: Donna Langley, president and chief content officer of NBCUniversal’s studio group; Netflix co-chief executive Ted Sarandos; Disney chief executive Robert A. Iger; and David Zaslav, chief executive of Warner Bros. Discovery. He was joined by Paramount Pictures chief executive Brian Robbins; Disney co-presidents of entertainment, Dana Walden and Alan Bergman; Mike Hopkins and Jennifer Salke from Amazon Studios; Sony Pictures Chairman Tony Vinciquerra; and Jamie Ehrlich and Zach Van Amburg of Apple Studios.

The entertainment business has been at a standstill for months due to a strike by writers who walked out in May and actors who joined them in July. The writers’ strike was resolved a month ago, but the actors’ work stoppage continues, leaving thousands unemployed for nearly six months.

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