The Alliance of Motion Picture and Television Producers (AMPTP) has given SAG-AFTRA their ‘last, best, and final offer.” The negotiations have involved creating a new three-year contract, and top studios have come to the table to construct the ideal agreement. 

In a statement for Deadline, the Theatrical Negotiating Committee for SAG-AFTRA TV said, in response to receiving the offer, “We are reviewing it and considering our response within the context of the critical issues addressed in our proposals.” 

This language has been seen before, as the WGA was told the same sentiment during their negotiations surrounding the Writer’s Strike. They successfully reached an agreement to end the strike, but it is not yet confirmed whether SAG-AFTRA will have the same success. 

After 114 days of the strike, top studios spoke with union leaders over Zoom to discuss a new contract. Disney, NBCUniversal, Paramount, Warner Bros, and Sony were said to be in attendance. 

CEOs from the studios have come up with a new package that includes protection surrounding AI, increases in bonuses for streaming content, and the highest increase in wages since 1983. 

Ted Sarandos, Netflix’s co-CEO, said, “We didn’t just come toward you, we came all the way to you.”  

There is no definitive timeline on how long it will take for the studio executive and SAG to reach an agreement and new contract; however, there has been an air of “cautious optimism.”