SAG-AFTRA Talks: CEOs Offer Improved Deal Terms But Still No Cut of Streaming Revenue

Gene Maddaus Senior Media Writer SAG-AFTRA President Fran Drescher on Monday scolded “naysayers” and “contrarians” who have criticized the union’s new contract. Drescher defended the agreement during a Zoom meeting for SAG-AFTRA members on Monday morning. “Sadly there have been some naysayers who have exploited this momentum of ours,” Drescher said, appearing in a bathrobe from her home.

Gene Maddaus Senior Media Writer SAG-AFTRA‘s new contract is worth more than $1 billion over three years. But the union did not get one of its top priorities: a share of revenue from each streaming platform. Fran Drescher, the union president, made that her top priority, arguing it was essential to transform the contract to keep up with a transformed industry.

EXCLUSIVE: Bob Iger finally had his wish come true today

Selome Hailu Hollywood may soon be back in business. SAG-AFTRA has reached a tentative deal with the Alliance of Motion Picture and Television Producers (AMPTP). If ratified, the new contract would end the actors union’s historic 118-day strike.

Gene Maddaus Senior Media Writer SAG-AFTRA negotiators have approved a tentative agreement that will end the longest actors strike against the film and TV studios in Hollywood history. In an announcement Wednesday, the union said the 118-day strike would officially end at 12:01 a.m. on Thursday.

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.

“Let me start by saying that we are hopeful we will reach a resolution to the SAG-AFTRA strike. We made a last and final offer, which met virtually all of the union’s goals, and includes the highest wage increase in 40 years, and I believe it provides for a positive outcome for all involved. We recognize that we need our creative partners to feel valued and rewarded and look forward to both sides getting back to the business of telling great stories,” Warner Bros. Discovery CEO David Zaslav said at the top of the company’s post-earnings call with Wall Street. He’s spoken in the same vein before about the SAG-AFTRA (and now-settled) WGA strikes — but actors are closer now with the AMPTP’s last and final offer currently being tweaked.

Jennifer Maas TV Business Writer Warner Bros. Discovery CEO David Zaslav opened the company’s quarterly earnings presentation with remarks on the ongoing SAG-AFTRA strike, remaining “hopeful” that the work stoppage will end “soon” following the Hollywood studios’ move to adjust AI language in its “last, best and final offer” to the actors union. “We are hopeful we will reach a resolution to the SAG-AFTRA strike soon,” Zaslav said during WBD’s third-quarter earnings call Wednesday.

Gene Maddaus Senior Media Writer SAG-AFTRA‘s top negotiator has never done this before. Duncan Crabtree-Ireland has worked for the union for most of his adult life. In that time, he has become a master of the details.

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 SAG-AFTRA may take another day to respond to the studios’ “last, best and final” offer, as the union’s negotiating committee continues to weigh its next move. The studios last talked to union leadership on Saturday afternoon, when a large group of CEOs sought to make clear that they will not make further concessions. After that meeting, some members of the SAG-AFTRA negotiating committee expressed dissatisfaction with the studios’ offer.

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.

Gene Maddaus Senior Media Writer Hollywood’s major studios are preparing to make an offer to SAG-AFTRA on Friday that they hope will end the 113-day actors strike. The Alliance of Motion Picture and Television Producers had previously warned the actors union that if a deal could not be reached by the end of this week, the networks would have to cancel certain TV shows and there would be further delays in 2024 summer theatrical releases. The talks could well go into the weekend, especially if the two sides see that a tentative agreement is within reach.

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

Gene Maddaus Senior Media Writer Progress has been made toward ending the SAG-AFTRA strike in recent days, but “a lot” of issues are still on the table, the union’s chief negotiator said Monday morning. Duncan Crabtree-Ireland, the chief negotiator and executive director of the guild, made an appearance at the Disney picket lines. In an interview outside the studio gates, he would not hazard a guess as to when the strike will be over.

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.

Gene Maddaus Senior Media Writer SAG-AFTRA negotiations have ended for the day, as the studios and the union plan to keep working on a deal to end the 107-day strike. It’s not clear yet when the next bargaining session will be, as negotiators are still working out the schedule. The union delivered its latest response on Saturday, and is awaiting word back from the studios.