Key takeaways:
- SAG-AFTRA members voted 78.33% in favor of ratifying the new three-year contract with Hollywood studios.
- The new agreement includes an immediate 7% pay raise, followed by another 4% increase next summer and a 3.5% hike a year later, as well as over $1 billion in gains.
- The strike, which lasted for 118 days, was the longest in the union’s history and is a major victory for SAG-AFTRA and its members.
After an almost four-month strike that brought the entertainment industry to a standstill, members of the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) have approved a new three-year contract with Hollywood studios.
The union, which represents more than 150,000 members with speaking roles in film and television, announced Tuesday night that 78.33% of the 38.15% of members that participated in the vote voted in favor of ratifying the contract, while 21.67% voted against it.
Under the new agreement, SAG-AFTRA members will receive an immediate 7% pay raise, followed by another 4% increase next summer and a 3.5% hike a year later. The union also secured over $1 billion in gains, including improved safety protocols, increased contributions to the union’s health plan, and a new residuals structure for streaming services.
The strike, which began in July and lasted for 118 days, was the longest in the union’s history. During the strike, SAG-AFTRA members picketed outside studios and production companies, and refused to work on any projects with the Alliance of Motion Picture and Television Producers.
The new contract is a major victory for SAG-AFTRA and its members, who have been fighting for better wages and working conditions for years. With the new agreement in place, the entertainment industry can now move forward and resume production on films and television shows.
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