On November 9, 2023 the strike by Hollywood actors and writers will come to an end after more than six months. The tentative agreement between the SAG-AFTRA union and the Alliance of Motion Picture and Television Producers (AMPTP) includes provisions for artificial intelligence (AI) regulations. The parties have agreed to meet twice a year to ensure compliance with evolving federal AI regulations. The deal, valued at over a billion dollars, includes improvements to minimum payments for actors, a greater share of streaming revenue for performers, enhancements to benefit plans, and safeguards against the unrestricted use of artificial intelligence in recreating performances.
Additionally, the agreement outlines the payment structure for streaming residuals, where the top 20% of shows will receive a 75% increase in residuals, with the remaining 25% going into a jointly managed fund. The SAG-AFTRA national board will review the agreement on Friday, with further details expected to be revealed. This deal comes after thousands of actors represented by the union went on strike in July due to failed contract negotiations with the AMPTP. The Writer’s Guild of America, another union representing screenwriters, reached their own tentative agreement with the AMPTP in September.
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