After 118 days, the actor’s strike is coming to an end as SAG-AFTRA has officially reached a tentative agreement on a new three-year contract with the Alliance of Motion Pictures and Television Producers.
The actor’s union’s deal comes in the wake of the latest round of renewed negotiations that began October 24th and have effectively continued almost daily for the past fortnight.
If everything goes as planned, eligible members of the 160,000-member actors guild will vote soon to ratify the new agreement.
Like with the WGA in late September, SAG-AFTRA will end its strike before the ratification vote is completed to get people back to work sooner and production restarted quickly with scripted series and films potentially able to be back in production in a matter of weeks.
The SAG-AFTRA TV/Theatrical Committee reportedly approved the agreement in a unanimous vote on Wednesday, and the strike is expected to be officially over as soon as in a few hours – namely as of 12:01am US-PT on Thursday, November 9th.
Details of the agreement are under wraps for now but are expected to come to light in the next few days prior to the union’s ratification vote. If the deal is ratified, the contract would quickly go into effect.
Overall, the six months of Hollywood strikes are estimated to have cost the Southern California economy more than $6.5 billion and 45,000 entertainment industry jobs. The impact however has gone well beyond the state and into numerous countries with many affected.
Even with the strike over, the film and TV release schedule for much of next year remains something of a mess that will take months to get back up to full steam again.
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