SAG-AFTRA reaches settlement

Seems at first glance to be a good deal for the union, and good for them:

The union is so far providing some details of the agreement, more of which will likely emerge in the next few days prior to the union’s ratification vote. In a message to members on Wednesday night, the union said the pact is valued at over $1 billion and includes pay increases higher than what other unions received this year, a “streaming participation bonus” and regulations on AI. The tentative deal also includes higher caps on health and pension funds, compensation bumps for background performers and “critical contract provisions protecting diverse communities.” If the deal is ratified, the contract could soon go into effect, and if not, members would essentially send their labor negotiators back to the bargaining table with the AMPTP.

In a statement on Wednesday night, the AMPTP said, “Today’s tentative agreement represents a new paradigm. It gives SAG-AFTRA the biggest contract-on-contract gains in the history of the union, including the largest increase in minimum wages in the last forty years; a brand new residual for streaming programs; extensive consent and compensation protections in the use of artificial intelligence; and sizable contract increases on items across the board. The AMPTP is pleased to have reached a tentative agreement and looks forward to the industry resuming the work of telling great stories.”