✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Hollywood actors ratify contract to end strike

Hollywood actors overwhelmingly ratified a new, hard-fought deal with studios on Tuesday that paves the way for a rebound of an entertainment industry that had…

Hollywood actors overwhelmingly ratified a new, hard-fought deal with studios on Tuesday that paves the way for a rebound of an entertainment industry that had seen film and television production come to a halt during a months-long strike.

The Screen Actors Guild, known as SAG-AFTRA, said 78 per cent of members who voted approved the multiyear contract.

“This is a golden age for SAG-AFTRA, and our union has never been more powerful,” union president Fran Drescher said in a statement.

The deal includes more than $1 billion in new compensation and benefits as well as protections for actors from the use of artificial intelligence by studios, the union said.

The Alliance of Motion Picture and Television Producers (AMPTP), which represents Netflix Inc., Walt Disney and other studios, hailed the union contract ratification.

“With this vote, the industry and the jobs it supports will be able to return in full force,” the AMPTP said in a statement.

Voting ended at 5:00pm on the US West Coast (0100 Wednesday GMT), with a simple majority of members required to finally seal the agreement.

The union said 38 per cent of its members cast votes.

The tentative deal between SAG-AFTRA and Hollywood studios to end the actors’ 118-day strike was agreed last month, and actors had gone back to work before the ratification vote.

The proposed contract contained higher pay, better bonuses for starring in hit shows or films, and the first-ever protections against the use of artificial intelligence to replace human actors.

It was ratified by the union’s leadership two days later, though not unanimously.

Union leaders have since held meetings and sent out emails and social media posts to members, strongly urging them to approve the deal.

“Today is the day,” said SAG-AFTRA chief negotiator Duncan Crabtree-Ireland, before the release of the voting results.

“This is a big $1 billion deal with a lot of really important gains in areas like AI, minimums, streaming money,” he said. “It’s a deal that I’m really proud of.”

Nigerians are now earning dollars with premium domains, these domains can be acquired for $1500-$2000 profit margin can be as much as $15,000 to $20,000. Click here to learn how to earn dollars.
Click here to learn more.