sag-avtra
With the industry still in suspense over how SAG-AFTRA will react to the studio’s latest bid, the performers’ union said it will continue to review the bid on Monday.
“The TV/Theatrical Negotiating Committee analyzed and discussed the AMPTP counterproposal throughout the day and into the night and will continue our deliberations on Monday. We will keep you informed,” the union’s bargaining committee wrote to members Sunday evening.
The statement comes after SAG-AFTRA’s negotiating committee met earlier in the day to review what it described as the studios’ “last, best and final offer” that was delivered Friday to a handful of SAG-AFTRA negotiators and formally presented to the negotiators. Committee on Saturday. (This phrase is naturally slippery in business negotiations, as parties sometimes exchange proposals and make adjustments even after one party announces that it has made its final offer.)
The studio’s latest offer is said to include offers on artificial intelligence, pay increases and a streaming bonus based on success, rather than the revenue share the union initially sought. One studio source described the proposal as “worth more than three of the recent deals put together.” If an agreement is not reached by the end of this week or early next week, “that means we’re done,” the source added.
An expanded group of studio leaders met with SAG-AFTRA’s negotiating committee on Saturday, where they presented their latest package. In a sign that the stakes were high for everyone involved, the group included leaders from all the major studios and streamers outside the Group of Four — Netflix’s Ted Sarandos, Disney’s Bob Iger, NBCUniversal’s Donna Langley and Warner Bros.’ David Zaslav. Discovery — who attended some SAG-AFTRA bargaining sessions in the past two weeks.
Monday marks the 116th day of the actors’ strike, a work stoppage that, along with the 148-day writers’ strike that concluded in September, has cost California’s economy about $6 billion, according to an estimate from Kevin Claudine, chief global strategist at the Milken Institute.
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