SAG-AFTRA and AMPTP reached tentative agreements to end the historic strike, which includes significant pay increases, AI protections, streaming participation bonuses, and better benefits.
The DL: The deal is seen as a win for both sides and is expected to boost morale of Hollywood workers and relieve the entertainment industry. The deal is subject to ratification by SAG-AFTRA members and the impact on the use of AI in the entertainment industry will be closely watched. SAG-AFTRA members will vote on whether to ratify the deal and the industry will resume production and begin to recover from the economic impact of the strike. With the deal finally ending, we may see fresh content beyond just late-night and variety shows. This will boost viewers back to some broadcast stations and even streaming options that have been limited in releasing new content.