Listen: SAG AFTRA Will Meet Again With AMPTP on Friday
SAG-AFTRA Will Meet Again with Studios on Friday After Responding to Latest Offer
• SAG-AFTRA has responded to the studios’ latest offer and will resume negotiations on Friday.
• The offer includes improved bonuses for actors in successful streaming series and a 7 percent increase in salary minimums.
• The key point of contention during negotiations is SAG-AFTRA’s request for streaming revenue sharing.
• SAG-AFTRA has suggested a compensation formula based on subscribers and viewership, while the studios have suspended talks, asserting it is a burden on viewers.
• Duncan Crabtree-Ireland believes the studios misrepresent the proposal, as it would cost $500 million annually instead of their projected $800 million.
• SAG-AFTRA argues that the proposed bonus structure must address its members’ needs, particularly those in smaller roles.
SAG-AFTRA has reportedly responded to the studios’ latest offer and is scheduled to continue negotiations on Friday. The guild has remained tight-lipped about the details, stating they focus on securing a fair deal for their members.
After a talk break, the studios presented a new offer on October 24. The strike has now lasted for 105 days.
The studios’ latest offer includes improved bonuses for actors in successful streaming series, but it needs to catch up to the guild’s demand for a share of overall streaming revenue. Sources have also reported that the studios have increased salary minimums by 7 percent in the first year, up from the initial 5 percent.
The negotiations remain challenging as SAG-AFTRA’s proposal for streaming revenue sharing is the key point of contention. The guild has made concessions by suggesting compensation based on subscribers and viewership, but the studios have suspended talks, deeming it a burden on subscribers.
Lead negotiator Duncan Crabtree-Ireland has called the studios’ portrayal of the guild’s proposal offensive and believes it is being misrepresented. The new formula costs around $500 million annually, while the studios project it closer to $800 million.
While the studios’ proposed bonus structure is based on the writers’ agreement from last month, SAG-AFTRA argues that it needs to adequately address the needs of its members, particularly those in smaller roles.