It’s Over: SAG-AFTRA Hails ‘Extraordinary’ $1 Billion Deal to End Strike, Studios Welcome ‘New Paradigm’ for Industry

NOTE: This article is a republication- Source: The Wrap (by Jeremy Fuster).

After six months of picket lines, Hollywood’s strike is over. SAG-AFTRA announced Wednesday afternoon that its TV/Theatrical committee unanimously approved a tentative agreement with the Alliance of Motion Picture and Television Producers on a new contract that would bring an end to the strike at 12:01 a.m. on Thursday.

While details about the contract haven’t been made public yet, in a message to members explaining the $1 billion-deal, the guild touted “unprecedented” protections for the use of artificial intelligence software, hikes on pension and benefits caps, provisions to increase diversity,bigger pay for extras and a “participation bonus” for streaming content.

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