SAG-AFTRA and Studios Nearing Historic Contract Agreement

The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is currently reviewing a proposal from the Alliance of Motion Picture and Television Producers (AMPTP) following a meeting between the two parties. The proposal, which the studios describe as their "last, best, and final offer," includes a significant wage increase and improved compensation bonuses for high-budget streaming series and movies. Both sides express cautious optimism, but the exact status of the negotiations and the likelihood of reaching a new three-year contract remain uncertain. The meeting included an expanded group of studio CEOs, indicating the industry's urgency to restart TV and film production after suffering significant losses due to the strikes and shutdowns.