As the industry remains in suspense over how SAG-AFTRA will react to the studios’ latest proposal, the performers’ union said it will continue to review the offer on Monday.
“The TV/Theatrical Negotiating Committee analyzed and thoroughly discussed the AMPTP’s counter proposal all day and well into the night and will continue our deliberations on Monday. We will keep you updated,” the union’s negotiating committee wrote members on Sunday night.
The statement comes after SAG-AFTRA’s negotiating committee met earlier in the day to review what it has characterized as the studios’ “last, best and final offer,” delivered on Friday to a handful of SAG-AFTRA negotiators and formally presented to its negotiating committee on Saturday. (That phrase is, of course, slippery in labor negotiations, where parties do sometimes swap proposals and make adjustments even after one side proclaims that it has made its last offer.)
The latest studio offer is said to include offers on AI, wage increases and a success-based streaming bonus, rather than the revenue share the union initially sought. One studio-side source has characterized the proposal as “worth more than three of the last deals put together.” Added the source, if a deal isn’t reached by this weekend or early next week, “it means we’re finished.”
An expanded group of studio leaders met with SAG-AFTRA’s negotiating committee on Saturday, as they presented their latest package. In a sign that the stakes were high for all involved, the group included leaders from all major studios and streamers beyond the group of four — Netflix’s Ted Sarandos, Disney’s Bob Iger, NBCUniversal’s Donna Langley and Warner Bros. Discovery’s David Zaslav — that have attended some SAG-AFTRA bargaining sessions in the last two weeks.
Monday marks the 116th day of the actors strike — a work stoppage that, along with the 148-day writers strike that concluded in September, had cost the California economy about $6 billion, according to an estimate from Milken Institute chief global strategist Kevin Klowden.
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