As the weekend progresses, SAG-AFTRA negotiations continue, offering hope for a resolution to the ongoing actors’ strike
On Saturday, the union and Hollywood studios wrapped up discussions regarding a new three-year agreement. According to sources, the talks on Saturday were described as “constructive.” During these discussions, the union presented its latest responses to the studios. Notably, this session was led by Carol Lombardini, president of the Alliance of Motion Picture and Television Producers.
Without the presence of top company executives who were part of prior negotiation sessions earlier in the week. This development follows the return of the performers’ union and the Alliance of Motion Picture and Television Producers to the negotiation table after nearly two weeks. The industry is closely monitoring these negotiations, and both sides have been actively exchanging proposals on various key issues. Regarding wage floors, the studios increased their offer from a 5 to 7 percent increase in the first year, while the union adjusted its request from 11 to 9 percent.
According to Hollywood Reporter, As the SAG-AFTRA strike enters its 107th day, there’s increasing pressure on both sides to make tangible progress. A group of prominent actors has engaged with the union and studios in an attempt to facilitate negotiations. Some actors even drafted a letter expressing concerns about the union’s leadership but refrained from publishing it, concerned about its potential impact on the negotiations. On October 26, another letter signed by thousands of actors was released, urging negotiators not to back down.
Meanwhile, studios are growing anxious about the fate of their 2024 movie and broadcast schedules as the holiday season approaches. Disney, for instance, announced a change to its 2024 release schedule on Friday, delaying the releases of Snow White and Pixar’s Elio by over a year due to the ongoing strike. The outcome of these negotiations will have far-reaching implications for both the entertainment industry and its stakeholders.
