Key Takeaways:
- SAG-AFTRA released the full text of their tentative agreement with studios, ending a nearly four-month strike.
- The 129-page MOA details the agreement, which is valued at over $1 billion in new compensation and benefits.
- The agreement includes provisions on AI, hair and makeup equity, increased background coverage, and streaming residuals.
- Ratification voting by guild members is ongoing, with a heavy turnout in the initial days.
- The deal has faced some criticism, particularly regarding AI provisions.
A Landmark Agreement
Over two weeks after reaching a deal with studios, SAG-AFTRA, the actors guild, has published the full text of the tentative agreement. This move comes amid the ongoing ratification voting process by the guild’s members. The agreement, which ended the guild’s nearly four-month-long strike, is considered historic in its scope and value.
Details of the Deal
The MOA, spanning 129 pages, outlines the specifics of the new agreement, which is said to be valued at over one billion dollars. This includes new compensation and funding for benefit plans. Key aspects of the deal include detailed AI guardrails, hair and makeup equity, increased coverage for background actors, enhanced streaming residuals, and the establishment of a new streaming success fund.
Voting and Member Engagement
Guild members have been voting on the ratification of this new three-year contract since November 14, with the voting set to conclude on December 5. The initial response to the voting process has been notably strong.
Mixed Reactions and Criticism
While the agreement has been hailed for its comprehensive coverage and financial benefits, it has not been without its critics. Specific concerns have been raised about the AI provisions included in the deal. High-profile members like Justine Bateman and Matthew Modine have expressed their opposition, highlighting the need for the full document’s release.
The Future of SAG-AFTRA
As the voting process continues, the outcome of this ratification will significantly impact the future direction of SAG-AFTRA and its members. The agreement, once ratified, will set a precedent for future negotiations and contracts within the industry, particularly in areas like AI and digital rights.
Conclusion
The release of the full tentative agreement marks a significant moment for SAG-AFTRA and its members. As the guild navigates through this critical period of ratification, the decisions made will shape the landscape of the industry for years to come. The agreement’s focus on new technologies like AI, along with traditional concerns like wages and benefits, underscores the evolving nature of the entertainment industry in the digital age.
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