NEW YORK, NEW YORK – OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in Recent York City. The strike, which began on July 14, entered its a hundredth day on October twenty first because the actors’ union and Hollywood studios and streamers failed to achieve an agreement. (Photo by John Nacion/Getty Images)
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SAG-AFTRA actors aren’t totally on board with Hollywood studios’ latest labor agreement pitch.
The Screen Actors Guild-American Federation of Television and Radio Artists said there have been still “several essential items” that they couldn’t agree with during their negotiations with the Alliance of Motion Picture and Television Producers, including artificial intelligence guidelines.
Studios put forth this “last, best and final offer” over the weekend, with top executives making clear that they might not make further concessions. SAG-AFTRA frolicked Sunday and Monday evaluating the deal.
It’s unclear if the AMPTP will return to the table to proceed bargaining or if talks will officially shutdown.
Representatives from the AMPTP didn’t immediately reply to CNBC’s request for comment.
Hollywood actors initiated a piece stoppage in mid-July as initial negotiations broke down with studios including Disney, Paramount, Universal, Netflix and Warner Bros. Discovery. They resumed talks for a brief time frame in early October, but those broke down for several weeks.
Later within the month, talks resumed again, but up to now, SAG-AFTRA and the AMPTP have been unable to achieve a deal.
Television and film performers were seeking to improve wages, working conditions, and health and pension advantages, in addition to establish guardrails for using AI in future television and film productions. Moreover, the union sought more transparency from streaming services about viewership in order that residual payments may be made equitable to linear TV.
The 116 day strike has disrupted marketing campaigns and prevented production from commencing on a significant slice of Hollywood’s film and television projects.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is a member of the Alliance of Motion Picture and Television Producers.