SONY - Hollywood strike: Talks between studios actors break down

2023-10-12 04:37:56 ET

Negotiations between Hollywood studios and actors have been suspended as the two sides failed to agree on the terms that SAG-AFTRA, the largest union representing actors, presented in its most recent proposal on Wednesday.

"After meaningful conversations, it is clear that the gap between the AMPTP and SAG-AFTRA is too great, and conversations are no longer moving us in a productive direction," the Alliance of Motion Picture and Television Producers said in a statement .

The group said the union's offer included a viewership bonus that the AMPTP said "would cost more than $800M per year – which would create an untenable economic burden."

SAG-AFTRA clapped back, accusing the studios of resorting to "bully tactics." "They intentionally misrepresented to the press the cost of the proposal – overstating it by 60%," it claimed .

Both the AMPTP and SAG-AFTRA have asserted that they are willing to return to the negotiating table

AMPTP represents major studios including Amazon ( AMZN ), Apple ( AAPL ), Disney ( DIS ), NBCUniversal ( CMCSA ), Netflix ( NFLX ), Paramount ( PARA ), Sony ( SONY ) and Warner Bros. Discovery ( WBD ).

More on Hollywood strike

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• Netflix said to look at price hike after actors strike ends
• Hollywood writers strike comes to an end; AI in the spotlight
• California gov. rejects unemployment pay for striking workers

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