Studios fail to reach a deal with Hollywood actors as a strike looms

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Studios fail to reach a deal with Hollywood actors as a strike looms
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The union, SAG-AFTRA, represents about 160,000 Hollywood actors. MORE ⬇️

The Screen Actors Guild-American Federation of Television and Radio Artists union is set to vote Thursday on whether to strike, potentially leading tens of thousands of actors off set and to the picket line after late-night negotiations to reach a contract deal failed.

Those key issues are an increase in minimum pay, more residuals for streaming and the use of artificial intelligence — essentially the same issues that triggered the Writers Guild of America to go on strike nearly three months ago.Residual income from streaming content helps actors stay afloat as they await the next job, with most actors working on a project-to-project basis.

ZipRecruiter estimates the average actor makes anywhere from $45,000 to $84,000 per year, while big studios and executives rake in millions per picture. SAG-AFTRA announced that the crucial determination of whether to align with the striking screenwriters would be made by its leadership during a meeting scheduled for"Thursday morning."

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