Hollywood’s actors union and major Hollywood studios agreed on Friday to keep negotiating through mid-July, staving off the immediate threat of a second labor strike in the entertainment business this summer.
The SAG-AFTRA union and the Alliance of Motion Picture and Television Producers (AMPTP) said they would extend their current contract, which had been set to expire at midnight, through July 12.
The agreement gives the two sides more time to work out a deal and prevent a work stoppage that would have added to ongoing labor strife in Hollywood.
Members of the Writers Guild of America (WGA) walked off the job on May 2, forcing many film and TV productions to shut down.
A-list stars including Jennifer Lawrence and Meryl Streep, in a letter to union leadership this week, said they were ready to walk off the job if negotiators failed to reach a “transformative deal” on higher base pay and safeguards around use of artificial intelligence (AI). New York Post