SAG-AFTRA has released a detailed 128-page document with renewed contract terms agreed upon after the conclusion of the 118-day actors’ strike.
The release came against the backdrop of pressure from members who demanded to understand the details of the agreement with the Alliance of Motion Picture and Television Producers (AMPTP) before the ratification vote to be held on December 5.
New SAG-AFTRA Agreement Achieves Over $1 Billion Compensation
“These contracts achieve more than $1 billion in NEW compensation and benefit plan funding,” National Executive Director and Chief Negotiator Duncan Crabtree-Ireland said while talking about the contract.
He also spoke about the key features, including AI protections, advancements in hair and makeup equity, expanded background coverage, substantial streaming residuals, and the introduction of a new streaming success fund.
Crabtree-Ireland further thanked everyone who supported the cause for their sacrifice, solidarity, and tenacity during the strike that lasted for 118 days. He asserted that the cause has reached this stage and there have been changes in the agreement because of their collective effort.
SAG-AFTRA President Says It Is A Big Achievement
The strike, which concluded on November 8, led to a new three-year contract with the studios. It got 86% approval from SAG’s national board two days after the contract was culminated.
SAG-AFTRA president Fran Drescher said the ongoing vigilance is important for the protection of content against AI duplication, especially when there’s no consent or compensation involved.
“The new stream of revenue for members on SVOD is very important and really a big accomplishment,” she said while speaking to The Hollywood Reporter.
As the ratification process is set to conclude on December 5, the union is focused on ensuring that the negotiated terms meet the expectations of its membership.
The full Memorandum of Agreements is available for review here.