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.
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.