Current:Home > StocksSAG-AFTRA members approve labor deal with Hollywood studios -FutureFinance
SAG-AFTRA members approve labor deal with Hollywood studios
View
Date:2025-04-14 07:37:58
The union representing thousands of film and television actors officially ratified its new three-year contract with Hollywood studios Tuesday night in the wake of a nearly four-month strike that brought the industry to its knees. However, less than 40% of members participated in the vote, SAG-AFTRA disclosed.
Beginning in July, the massive entertainment union went on strike for 118 days after its previous agreement with the Alliance of Motion Picture and Television Producers expired. A tentative deal was reached last month.
Of the 38.15% of members that participated in the vote, 78.33% voted in favor of ratifying the contract, while 21.67% voted against it, SAG-AFTRA said.
"By ratifying this contract, members have made it clear that they're eager to use their unity to lay the groundwork for a better industry, improving the lives of those working in their profession," Chief Negotiator Duncan Crabtree-Ireland said in a statement.
The AMPTP congratulated the approval shortly after the vote.
"The AMPTP member companies congratulate SAG-AFTRA on the ratification of its new contract, which represents historic gains and protections for performers. With this vote, the industry and the jobs it supports will be able to return in full force," the union stated.
SAG-AFTRA said the new deal includes more than $1 billion in new compensation and benefit plan funding as well as an overhaul of the residuals formulas, especially for streaming performers — major sticking points that led to the strike. The new model grants a bonus in addition to the existing residual structures as well as more pay for principal and background actors.
Notably, the contract includes a new tenet surrounding artificial intelligence. The deal established informed consent and compensation guidelines for studios using the controversial new technology.
"I'm proud of our SAG-AFTRA membership," President Fran Drescher said. "They struck for 118 days to grant the TV/Theatrical Negotiating Committee the necessary leverage to secure over $1 billion in gains, along with the union's first-ever protections around AI technology. Now they've locked in the gains by ratifying the contract."
Hollywood writers, following their own four-and-a-half-month strike, reached a new three-year deal with the AMPTP in September. It marked the first time the two unions, the Writers Guild of America and the Screen Actors Guild, have been on strike simultaneously since 1960.
Paramount Global, which owns CBS News, is part of the Alliance of Motion Picture and Television Producers. Additionally, many CBS News anchors and reporters are SAG-AFTRA members. However, they operate under a different contract and were not part of the pending negotiations.
Matthew RodriguezMatthew Rodriguez is a digital producer at kcalnews.com. He's previously reported for local outlets like the Argonaut and Pasadena Weekly. Matt typically covers breaking news and crime.
veryGood! (15)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- How Trump's victory could affect the US economy
- Despite Climate Concerns, Young Voter Turnout Slumped and Its Support Split Between the Parties
- Liam Payne's Toxicology Test Results Revealed After His Death
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- The Colorado funeral home owners accused of letting 190 bodies decompose are set to plead guilty
- 'Everything on sale': American Freight closing all stores amid parent company's bankruptcy
- Beyoncé Makes History With 2025 Grammy Nominations
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Man ordered to jail pending trial in the fatal shooting of a Chicago police officer
Ranking
- Could your smelly farts help science?
- Kentucky coal firm held in contempt again over West Virginia mine pollution
- Federal judge denies motion to recognize Michael Jordan’s NASCAR teams as a chartered organization
- How Harry Hamlin’s Pasta Sauce Transformed Real Housewives Drama into a Holiday Gift That Gives Back
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- California air regulators to vote on contentious climate program to cut emissions
- Husband of missing San Antonio woman is charged with murder
- New Hampshire rejects allowing judges to serve until age 75
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Golden State Warriors 'couldn't ask for anything more' with hot start to NBA season
The 2025 Grammy Award nominations are about to arrive. Here’s what to know
Study: Weather extremes are influencing illegal migration and return between the U.S. and Mexico
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
South Carolina, Iowa among five women's college basketball games to watch this weekend
'Everything on sale': American Freight closing all stores amid parent company's bankruptcy
Georgia Senate Republicans keep John Kennedy as leader for next 2 years