In the latest development in the film industry, the SAG-AFTRA strike is finally coming to an end with its negotiators agreeing to a tentative agreement. The union said on Wednesday that the 118-day strike will now end at 12:01 a.m. on Thursday. In a historic move, the union's bargaining committee approved the deal in a completely unanimous vote and now the deal will be forwarded to the SAG-AFTRA national board for approval on Friday.
SAG-AFTRA celebrates end of 118-day strike
In the past few days, both sides spent some time completing the agreement. This deal will be the first of its kind in history to protect actors and other people working in the film industry from the use of artificial intelligence. This agreement not only protects them from having their jobs taken over by AI, but also gives them a significant pay raise. Under the new agreement between SAG-AFTRA and the Alliance of Motion Picture and TV Producers (AMPTP), the minimum wage will increase by 7%.
According to this agreement, the workers will also get increased pension as well as healthcare fees. Not only that but according to an email sent to SAG-AFTRA, the deal also includes a "streaming participation bonus." With all this mentioned, the email also states-
"We have reached a contract that will enable SAG-AFTRA members of all categories to build sustainable careers, many thousands of artists now and in the future will benefit from this work."
