Home Feature News Negotiations suspended between Hollywood studios and actors’ union | CNN Enterprise

Negotiations suspended between Hollywood studios and actors’ union | CNN Enterprise

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CNN
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The Alliance of Movement Image and Tv Producers stated late Wednesday that negotiations with SAG-AFTRA — the union representing about 160,000 actors — have been suspended.

“After significant conversations, it’s clear that the hole between the AMPTP and SAG-AFTRA is simply too nice, and conversations are not transferring us in a productive course,” the AMPTP stated in an announcement.

The suspension got here after the actors’ union introduced its newest proposal to the AMPTP, based on the assertion.

CNN has reached out to SAG-AFTRA for remark.

AMPTP stated the union’s newest provide “included what it characterised as a viewership bonus that, by itself, would value greater than $800 million per yr — which might create an untenable financial burden. SAG-AFTRA introduced few, if any, strikes on the quite a few remaining open objects.”

On this spherical of negotiations, AMPTP stated it had made a listing of affords to the union that included a “first-of-its-kind success-based residual for Excessive-Funds SVOD productions” and several other AI protections.

SVOD refers to subscription video on demand, that are streaming companies that embody Neflix and Amazon Prime Video.

SAG-AFTRA has been on strike since July 14, becoming a member of the fray just a little greater than two months after the writers’ strike started.

The writers’ strike ended in late September, and members of the Writers Guild of America ratified a brand new contract with Hollywood and tv studios on October 9.

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