SAG-AFTRA and AMPTP Reach Agreement to End Months-Long Strike

We are so excited that the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) has reached an agreement with the Alliance of Motion Picture and Television Producers (AMPTP) on a new labor contract.

AMPTP represents the major Hollywood studios and streaming companies, while SAG-AFTRA represents 160,000+ actors. The four-month strike has delayed many productions, including those filmed at our facilities.

The new deal includes an increase in minimum wages, additional residuals for streaming programs, and protections regarding the use of artificial intelligence to replicate an actor's likeness without compensation. SAG-AFTRA said in a statement that the new deal is valued at more than $1 billion. The next step in negotiations is for actors and actresses to vote on the contract. Should they approve the deal, they could return to film and television sets, as well as red carpets and press junkets, in the coming days.

SAG-AFTRA President Fran Drescher took to Instagram to share her excitement, posting "We did it!!!!" and thanking members for "hanging in and holding out for this historic deal!"

We are thrilled at this progress and look forward to welcoming back the cast and crew members that keep our soundstages buzzing and the local economy fueled!