SAG-AFTRA Announces Tentative Deal To End 118-Day Strike

The Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) is set to end its lengthy strike on Thursday after nearly four months of industry disruption.

What Happened: A tentative deal had been reached with Hollywood studios, reported Business Insider. The agreement, approved by the SAG-AFTRA TV/Theatrical Committee, marks the end of a 118-day strike and is subject to ratification by union members.

The strike’s conclusion signifies the end of a tumultuous period for the California economy and the entertainment industry, which endured significant financial losses as a result of the labor stoppage. The SAG-AFTRA National Board will review the tentative deal on Friday, Nov. 10, with further details expected to be released after that.

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The entertainment industry can finally breathe a sigh of relief as the strike’s end signifies the revival of industry operations. This includes the return of writers who had previously resolved their strike back in September.

The tentative agreement was reached following the Alliance for Motion Picture and Television Producers (AMPTP) presenting what it termed as the “last, best, and final offer” to SAG-AFTRA. The AMPTP comprises major studios and streaming services, including Warner Bros., Discovery, Disney, and Netflix.

Why It Matters: The dispute, which started in July, had previously seen a breakdown in talks over SAG-AFTRA’s proposal to charge studios a fee per platform subscriber. The studios rejected the proposal, with Netflix co-CEO Ted Sarandos referring to it as a “levy.”

Despite the strike’s end, several movies and television shows are expected to delay the resumption of production until January. However, the entertainment industry is hopeful for a smoother 2024 summer movie schedule following the strike’s resolution.

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