The SAG-AFTRA strike has officially ended and new details have been revealed about the union’s new contract with film and television studios!
On Wednesday night (Nov. 8), it was confirmed that SAG-AFTRA, which had been on strike for 118 days, had reached a tentative agreement with AMPTP on a new three-year contract.
Read on for more details…
More details about the deal emerged on Thursday (Nov. 9), as Variety reported that the new SAG-AFTRA contract is worth more than $1 billion over three years.
Still, the union did not get one of its main priorities: a share of the revenue from each streaming platform.
Fran Drescher, president of SAG-AFTRA, made that his top priority, arguing that it was essential to transform the contract to keep up with a transformed industry. He wanted to get 2% of streaming revenue, which was later reduced to 1%, or about $500 million a year.
The new deal includes a “broadcast participation bonus” worth about $40 million annually, according to Duncan Crabtree-Ireland, chief negotiator for SAG-AFTRA.
Similar to terms recently obtained by the Writers Guild of America, the SAG-AFTRA deal guarantees that actors will earn a bonus worth 100% of their residual. A portion of the money will go to those programs that attract views that represent 20% of a streaming platform’s subscribers in the first 90 days.
The rest of the bonus will go to a fund administered by the union and employers and distributed to actors on a variety of broadcast shows.
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Categories: Biography
Source: vcmp.edu.vn