{"id":37237,"date":"2023-07-18T09:20:18","date_gmt":"2023-07-18T13:20:18","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/hollywood-studios-say-they-offered-actors-1-billion-in-gains-before-strike\/"},"modified":"2023-07-18T09:20:20","modified_gmt":"2023-07-18T13:20:20","slug":"hollywood-studios-say-they-offered-actors-1-billion-in-gains-before-strike","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=37237","title":{"rendered":"Hollywood studios say they offered actors $1 billion in gains before strike"},"content":{"rendered":"
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\u00a9 Reuters. SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line in front of Paramount Studios in Los Angeles, California, U.S., July 17, 2023. REUTERS\/Mike Blake<\/span>
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By Lisa Richwine<\/p>\n

LOS ANGELES (Reuters) – Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday.<\/p>\n

The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on behalf of Netflix Inc (NASDAQ:), Walt Disney <\/span><\/span> (NYSE:) Co, Warner Bros Discovery (NASDAQ:) and others, said SAG-AFTRA “continues to mischaracterize the negotiations.”<\/p>\n

SAG-AFTRA called a strike last Thursday after union negotiators said they were unable to reach an agreement with studios on a new three-year contract with higher benefits and limits on the use of their images by artificial intelligence.<\/p>\n

“The deal that SAG-AFTRA walked away from on July 12 is worth more than $1 billion in wage increases, pension and health contributions and residual increases and includes first-of-their-kind protections over its three-year term, including expressly with respect to AI,” the AMPTP said in a statement.<\/p>\n

“For SAG-AFTRA to assert that we have not been responsive to the needs of its membership is disingenuous at best,” the AMPTP added.<\/p>\n

Earlier on Monday, SAG-AFTRA, which represents more than 160,000 actors, stunt performers and others, issued a detailed list of its proposals, and what it said were the studios’ responses, under the title “We’re fighting for the survival of our profession.”<\/p>\n

Among them, SAG-AFTRA said it asked for an 11% general wage increase in the first year of the contract to make up for inflation. The union said the studios countered with an offer of 5%.<\/p>\n

“We moved on some things, but from day one they wouldn\u2019t meaningfully engage on the most critical issues,” SAG-AFTRA said. <\/p>\n

The actors have joined members of the Writers Guild of America (WGA), which went on strike May 2 after failing to reach a deal with the AMPTP. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line in front of Paramount Studios in Los Angeles, California, U.S., July 17, 2023. REUTERS\/Mike Blake By Lisa Richwine LOS ANGELES (Reuters) – Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits […]<\/p>\n","protected":false},"author":1,"featured_media":17564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-37237","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nHollywood studios say they offered actors $1 billion in gains before strike | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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