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CEO NA Magazine > Business > Industry > SAG-AFTRA announces terms of deal with Hollywood studios

SAG-AFTRA announces terms of deal with Hollywood studios

in Industry, News
SAG-AFTRA announces terms of deal with Hollywood studios

Los Angeles, California – September 24, 2023: SAG-AFTRA Screen Actors Guild‐American Federation of Television and Radio Artists located at 5757 Wilshire Boulevard, Los Angeles

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On Friday, the Screen Actors Guild-American Federation of Television and Radio Artists revealed the details of the union’s landmark deal with Hollywood studios.

The deal reportedly includes more than $1 billion in new wages, a 7% raise in most minimum payments and 11% wage raises for background actors.

Likewise, the deal establishes multiple protections against and compensation plans for the use of artificial intelligence with actors’ likenesses.

According to SAG-AFTRA, 86% of union members voted in preliminary approval of the agreement, which will now proceed to a 21-day voting period set to end in December.

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