The strike by SAG-AFTRA has ended. Here are six benefits that actors received in the updated contract.

The strike by SAG-AFTRA has ended. Here are six benefits that actors received in the updated contract.

Benjamin Hughes


ratifying a new contract

The recent strike among actors has come to an end, as the union representing performers officially approved a new agreement last week.approving a tentative agreement
The contract between Hollywood studios and the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) was seen as a major victory, with leaders praising the significant advancements in actors’ compensation and the implementation of restrictions on the use of generative AI in the industry.

This summary outlines the benefits that actors will receive under the recently proposed contract, pending ratification by SAG-AFTRA members.

1. Minimum compensation increases 

Performers will receive a 7% raise starting now, with an additional 4% increase on July 1, 2024, and a further 3.5% increase on July 1, 2025.

Megan Cerullo

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Megan Cerullo is a journalist based in New York who reports for CBS MoneyWatch. Her coverage includes small businesses, the workplace, healthcare, consumer spending, and personal finance. She frequently appears on CBS News streams to discuss her articles.

Source: cbsnews.com