SAG-AFTRA & CEOs’ First Meeting Of Renewed Contract Talks Over; More Planned Soon Even As Studios’ New Proposal To Break Revenue Sharing Logjam “Flopped” In Room

Media stocks popped Thursday, well outperforming the broader market, after news that the months longs SAG-AFTRA strike has been settled, with the actors’ guild and the AMPTP announcing a agreement last night. Halted productions can soon look to restart, the theatrical release calendar can stop shifting and the industry begin to get back to normal after a tough summer and fall.

After 118 days of the actors guild being out on strike, SAG-AFTRA and the studios have reached a tentative deal on a new contract that could see Hollywood up and running again within weeks.

This was not how David Zaslav and Bob Iger wanted today to go.

The lead negotiators for SAG-AFTRA and the studios are set to meet later today in what could be the final phase to sealing a new deal and the end to the 117-day actors guild strike.

EXCLUSIVE: A deal may not be in the cards tonight, but SAG-AFTRA and the studios could be heading back to negotiations within hours.

Gene Maddaus Senior Media Writer The studios told SAG-AFTRA on Saturday that they have made their “last, best and final” offer, as they seek an end to the 114-day actors strike. The offer includes an enhanced residual bonus for high-performing streaming shows. Under the proposal, actors who appear on the most-watched shows on each platform will see their standard streaming residual doubled.

EXCLUSIVE: Today’s meeting between SAG-AFTRA and an expanded group of studio CEOs has just ended as the guild scrutinizes the AMPTP‘s long awaited response to their last comprehensive counter.

EXCLUSIVE: There’s real movement in talks between SAG-AFTRA and the studios for a new three-year contract,

Gene Maddaus Senior Media Writer SAG-AFTRA is set to meet again on Wednesday with the Alliance of Motion Picture and Television Producers after a “productive” day of talks on Tuesday. The sides continue to project “cautious optimism” about resolving the strike, which is now on Day 110. The studios have warned that they must get a deal this week in order to be able to produce partial seasons of scripted network TV series.

Gene Maddaus Senior Media Writer SAG-AFTRA leadership continued to bargain with the major studios on Sunday, but despite growing optimism around the industry, no deal has been reached yet. The union presented its latest proposal to the studios on Saturday. The two sides were said to be engaged in “productive” talks through the weekend.

EXCLUSIVE: SAG-AFTRA and AMPTP continued to communicate intermittently Sunday as they close in on possibly reaching a new deal that could end the 108-day strike.

EXCLUSIVE: Sunday will not be a day of rest for SAG-AFTRA leadership and the studios this weekend.

Gene Maddaus Senior Media Writer SAG-AFTRA is expected to hold bargaining sessions with the major studios over the weekend, as the two sides continue to work toward a deal to end the 106-day strike. The sessions may be held virtually, rather than in person. The two sides met on Friday for the third day this week at SAG-AFTRA headquarters.

EXCLUSIVE: SAG-AFTRA and the studios don’t have a deal, but they are planning on talking more.

SAG-AFTRA and the AMPTP are back at the table today for more talks to resolve the actors strike that has been going on for over 100 days.

Negotiations scheduled Wednesday between SAG-AFTRA and the studios didn’t happen after all — and everyone’s good with that.

Gene Maddaus Senior Media Writer The CEOs of four major entertainment companies offered SAG-AFTRA on Tuesday an improved bonus for the most-watched streaming shows, as well as higher increases in minimum rates. But the studios are still not offering a cut of total streaming revenue, which the actors union has made the centerpiece of its demands to end its 104-day strike. SAG-AFTRA is expected to deliver its response to the studios’ latest proposal today.

Gene Maddaus Senior Media Writer Four CEOs are set to return to SAG-AFTRA headquarters on Tuesday with a new offer that they hope will break the stalemate in the 102-day actors strike. Among them will be Disney’s Bob Iger, who called SAG-AFTRA’s top negotiator, Duncan Crabtree-Ireland, on Saturday to invite the actors back to the bargaining table. The CEOs — who also include David Zaslav of Warner Bros.

After over a week of silence, the actors union and the AMPTP are set to return to negotiations on Tuesday, Oct. 24.

EXCLUSIVE: Ted Sarandos may have insisted today that he and other studio CEOs want to end the over three-month long actors strike and “get everyone back to work,” but for SAG-AFTRA’s chief negotiator, the Netflix boss is full of nothing but hot air.