Hollywood studios say they offered actors $1 billion in gains before strike

Major movie and television studios presented Hollywood actors more than $1 billion in higher repayment and better blessings earlier than the SAG-AFTRA union referred to as a strike ultimate week, a group that represents media businesses said on Monday.

The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on behalf of Netflix Inc (NFLX.O), Walt Disney Co (DIS.N), Warner Bros Discovery (WBD.O) and others, stated SAG-AFTRA “maintains to mischaracterize the negotiations.”

SAG-AFTRA called a strike ultimate Thursday after union negotiators said they had been not able to reach an settlement with studios on a new three-year agreement with better blessings and boundaries on using their snap shots via synthetic intelligence.

“The deal that SAG-AFTRA walked far from on July 12 is well worth extra than $1 billion in wage will increase, pension and fitness contributions and residual increases and consists of first-of-their-kind protections over its three-yr term, inclusive of expressly with appreciate to AI,” the AMPTP said in a statement. “For SAG-AFTRA to assert that we have now not been attentive to the needs of its club is disingenuous at first-rate,” the AMPTP introduced.

Earlier on Monday, SAG-AFTRA, which represents more than one hundred sixty,000 actors, stunt performers and others, issued an in depth list of its proposals, and what it stated have been the studios’ responses, underneath the name “We’re combating for the survival of our profession.” Among them, SAG-AFTRA stated it asked for an eleven% popular wage increase inside the first yr of the contract to make up for inflation. The union said the studios countered with an offer of five%.

“We moved on some things, however from day one they wouldn’t meaningfully have interaction at the maximum vital issues,” SAG-AFTRA said. The actors have joined participants of the Writers Guild of America (WGA), which went on strike on May 2 after failing to reach a deal with the AMPTP.

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