Title: Studios Present New Proposal in Ongoing SAG-AFTRA Strike Talks
California, USA – In a bid to end the 113-day-old strike that has paralyzed the entertainment industry, major studios have presented a new proposal to the SAG-AFTRA union. Although negotiations are set to continue this weekend, industry insiders are skeptical about reaching a new three-year contract within the next 48 hours.
The tone of the talks has gradually shifted towards pessimism as SAG-AFTRA eagerly awaited a formal response to their counters. However, a studio insider dismissed concerns, stating that the extended time is necessary to put a comprehensive package on the table for negotiation.
Rumors circulating within the industry suggest that there is a tight deadline to reach a deal, as both the remainder of the TV season and the 2024 film schedule hang in the balance. This urgency to find a resolution has been emphasized as talks continue between the two sides.
It is important to note that the new proposal is not considered the final offer by the studios. Both parties have been engaged in renewed talks since October 24, with the participation of top executives from NBCUniversal, Disney, Warner Bros, and Netflix.
Amidst the negotiations, there have been whispers of a sniping campaign against the SAG-AFTRA leadership from the opposing side. However, SAG-AFTRA president took to Instagram to express hope for a counterproposal from the studios, indicating a willingness to keep negotiations open.
One of the key demands from the union includes giving stunt performers control over their digital stunt doubles, a decision that is typically left to the directors. Additionally, SAG-AFTRA wants to restrict the use of digital extras in scenes to ensure more real-life actors are retained on-screen.
The delay from the studios in responding to the counters and proposals has left many puzzled, particularly considering the mounting desire to restart production. This delay has not only affected the studios but also has potential consequences on the Max streaming service and theatrical schedule due to a lack of content.
The impact of the strike is already taking its toll, with Paramount Global reportedly facing a $60 million hit in strike-related idle costs. The wider California economy also bears the brunt, with an estimated loss of $6.5 billion and over 45,000 jobs lost due to the ongoing strike.
As negotiations continue, the industry anxiously awaits a breakthrough that would bring an end to the strike, revitalizing the entertainment sector and bringing relief to those affected by the prolonged hiatus.
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