Current:Home > MySAG-AFTRA members approve labor deal with Hollywood studios -Blueprint Money Mastery
SAG-AFTRA members approve labor deal with Hollywood studios
NovaQuant Quantitative Think Tank Center View
Date:2025-04-10 14:30:24
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! (21451)
Related
- Don't let hackers fool you with a 'scam
- Hockey Hall of Fame inductions: Who's going in, how to watch
- Why Ariana Grande’s Brother Frankie Grande Broke Down in Tears Over Her Wicked Casting
- How long do betta fish live? Proper care can impact their lifespan
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Ella Emhoff Slams Rumors She's Been Hospitalized For a Mental Breakdown
- Kentucky officer who fired pepper rounds at a TV crew during 2020 protests reprimanded
- California Gov. Newsom fined over delays in reporting charitable donations
- Questlove charts 50 years of SNL musical hits (and misses)
- Frustrated Americans await the economic changes they voted for with Trump
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 1 monkey recovered safely, 42 others remain on the run from South Carolina lab
- Real Housewives of Atlanta Star Porsha Williams Influenced Me to Buy 50 These Products
- How to Think About Climate and Environmental Policies During a Second Trump Administration
- This was the average Social Security benefit in 2004, and here's what it is now
- Despite Likely Setback for Climate Action With This Year’s Election, New Climate Champions Set to Enter Congress
- Women win majority of seats in New Mexico Legislature in showcase of determination and joy
- Ella Emhoff Slams Rumors She's Been Hospitalized For a Mental Breakdown
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
California Gov. Newsom fined over delays in reporting charitable donations
Messi, Inter Miami 'keeping calm' before decisive MLS playoff game vs. Atlanta United
Ariana Grande's Parents Joan Grande and Edward Butera Support Her at Wicked Premiere
$73.5M beach replenishment project starts in January at Jersey Shore
Messi, Inter Miami 'keeping calm' before decisive MLS playoff game vs. Atlanta United
Pretty Little Liars' Brant Daugherty Reveals Which NSFW Movie He Hopes His Kids Don't See
How many points did Bronny James score tonight in G League debut?