From Disney to Warner Bros., all the studios have sent their final offers to SAG-AFTRA; awaiting response

It's been 114 days since the actors' strike started. SAG-AFTRA actors' union said that the AMPTP, which represents – Paramount Pictures, Sony Pictures, Universal Pictures, Walt Disney Studios and Warner Bros., streaming services – Netflix, Walt Disney, and broadcasting TV networks – ABC, CBS, FOX and NBC, and other media companies have sent their last, best and final offer.

What is the new proposal?

In a bid to attract and retain top talent, the new contract proposal includes significant financial incentives for actors appearing in high-performing streaming shows. Actors on the most-watched shows on each platform will receive a substantial boost in their compensation, with their standard streaming residual doubled. This generous bonus surpasses the terms negotiated by the Writers Guild of America, which secured a 50% residual bonus for writers on top-streaming shows.

The contract also addresses the growing prevalence of artificial intelligence in the entertainment industry, establishing comprehensive protections for performers. Additionally, the contract includes a notable increase in minimums, marking the most significant rise in this area in four decades. These provisions demonstrate a commitment to ensuring fair and equitable compensation for performers amidst the evolving landscape of the entertainment industry.

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Who attended the final offer meeting?

It's been reported that the meeting was held online, where 8 studio leaders were presented such as – Bob Iger of Disney, David Zaslav of Warner Bros. Discovery, Donna Langley of NBCUniversal, Ted Sarandos of Netflix, Brian Robbins of Paramount, Mike Hopkins and Jen Salke from Amazon, and Tony Vinciquerra from Sony.

What did SAG-AFTRA reply?

However, SAG-AFTRA leaders requested additional time to carefully review and consider the offer presented by the studios. The union's executive team planned to convene later on Saturday to discuss the offer among themselves and formulate a response. Subsequently, they would inform the studios of their next course of action.