The planned bargaining session that was scheduled for Wednesday, Oct. 25, between SAG-AFTRA and the AMPTP, has been put on hold. The actors’ union told the studios’ representatives that it needed more time to review the latest offer. The new date is scheduled for Thursday, Oct. 26. A major sticking point is the studios’ refusal to offer a cut of total streaming revenue. Instead, they told the actors’ union they can have an improved bonus for the most-watched shows. Studio CEO’s have said that if the strike continues, certain TV shows would have to be cancelled, and some on the union side have taken this as a threat.
Read the full story by Gene Maddaus for Variety, published October 25, 2023, here: https://variety.com/2023/biz/news/ceos-offer-sag-aftra-improved-terms-1235768337/