An end is in sight for the SAG-AFTRA strike. Per reports that SAG-AFTRA and the studios have reached a provisional agreement to formally terminate the 118-day strike. The article states that on November 9, the strike will end at 12:01 a.m. PT. Subsequent to the most recent round of talks, CEO of Warner Bros. Discovery David Zaslav announced that the actors’ guild received their “last, best, and final offer.” This round of discussions started on October 24. Ted Sarandos of Netflix, Bob Iger of Disney, and Donna Langley of NBCUniversal are among the executives engaging in the talks, in addition to Zaslav. Before the release of the new report, Zaslav stated of the agreement, “We made a last and final offer, which met virtually all of the union’s goals and includes the highest wage increase in 40 years and believe it provides for a positive outcome for all involved.” We understand the importance of making our creative collaborators feel appreciated and rewarded, and we eagerly anticipate returning to the business of crafting amazing tales together. These are difficult times, as the strikes highlight. In a market that is changing quickly, our industry is seeing increased disruption. Long-term success requires flexibility, adaptability, and a robust toolkit of resources that will allow us to keep up pace in the face of constantly changing customer behaviour.
The agreement is provisional, and qualified SAG-AFTRA members must ratify it before it can be finalised. There are rumours that the new agreement would result in large pay and bonus hikes. Additionally, “sweeping AI protections,” a subject of discussion that has garnered considerable prominence in recent months, will be included. It is currently anticipated that performers will be returning to work in a few weeks following the deal. Of course, the 2024 film schedule has already been significantly impacted, even if films are allowed to resume soon. A number of films have had delays, with some of them being rather substantial. Deadpool 3’s May 2024 release date has been adhered to by Disney, although director Shawn Levy recently stated that it would still be extremely challenging to meet that deadline even in the event that the strike ended swiftly. The strike that prevented performers from marketing their films may have had a detrimental impact on the box office receipts of some already released films. The Marvels, a big-budget film that will very certainly miss the window since it is about to hit theatres, is the most recent example of this.
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