SAG-AFTRA & Studios Continue Negotiations with Optimism, No Deal Reached

Negotiations between SAG-AFTRA and AMPTP are in the final stretch, with optimism that a deal may be reached within days. Both sides have made significant progress on bridging the gap over success-based compensation for streaming shows and their casts. The most challenging point to be resolved is agreeing on streaming revenue monies for actors. The studios are feeling the pressure to restart global feature and TV production, as three big movies worth $1.5 billion have already been moved off the 2024 calendar. The strike has also raised concerns about the survival of exhibition companies next year.