SAG-AFTRA and Studios Set to Resume Negotiations

SAG-AFTRA and the AMPTP are set to resume negotiations on Tuesday after a week of silence. Talks broke apart on October 11 when SAG-AFTRA proposed a revenue share plan with a 75 cents per subscriber annual charge. The studios rejected the proposal, calling it an "untenable economic burden." Hollywood stars, including George Clooney and Scarlett Johansson, pledged $150 million over three years to remove a cap on union dues, but union leader Fran Drescher said it would be incompatible with the contract being negotiated. The ongoing strike, along with the WGA strike, has cost the California economy $5 billion and resulted in the loss of 45,000 jobs. The theatrical release calendar is also expected to be affected, with major studios likely to delay movie releases.