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In a full-circle moment, SAG-AFTRA President Fran Drescher is holding a 2 p.m. news conference today in the James Cagney Conference Room at the guild’s headquarters on Wilshire Boulevard, the same location where she ignited the troops with his strike launching speech on July 13.
She is joined by National Executive Director and Chief Negotiator Duncan Crabtree-Ireland and members of the TV/Theater Negotiating Committee to reveal the results of this morning’s National Council vote on Wednesday’s tentative agreement with the studios and to review the details of the agreement.
A procedural note: Although the board will most likely approve the agreement and the strike was declared over at 12:01 a.m. PT on Thursday, the agreement will still need to be ratified by a vote of the entire membership from SAG in the coming weeks.
You can watch the press conference in the player below.
Here’s what we know so far about the deal, based on the guild’s announcement on Wednesday:
“In a contract valued at more than $1 billion, we reached an agreement of extraordinary scope that includes ‘above model’ minimum compensation increases,” unprecedented provisions in of consent and compensation that will protect members from the threat of AI. and introduces for the first time a streaming participation bonus. Our pension and health caps have been significantly increased, which will add much-needed value to our schemes. Additionally, the agreement includes numerous improvements for several categories, including outsized pay increases for background performers and key contract provisions protecting diverse communities.
AMPTP released the following statement on Wednesday:
“This agreement in principle represents a new paradigm. This gives SAG-AFTRA the largest contract gains in the union’s history, including the largest minimum wage increase in the last forty years; a whole new residue for streaming programs; extensive consent and compensation protections for the use of artificial intelligence; and significant contract increases on items across the board.