Negotiations suspended between Hollywood studios and actors
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SAG-AFTRA, the union which represents about 160,000 actors, has suspended negotiations with the Alliance of Motion Picture and Television Producers.

“After meaningful conversations, it is clear that the gap between AMPTP and SAG-AFTRA is too great, and our conversations are no longer productive,” the AMPTP stated.

According to the statement, the suspension came after the actors’ union presented its latest proposal to AMPTP.

According to AMPTP, the union’s most recent offer included a viewership bonus that alone would cost more than $800 million per year, creating an untenable economic burden. Despite the numerous open items remaining, SAG-AFTRA made few moves.”

There were several AI protections included in AMPTP’s list of offers to the union in this round of negotiations, including a “first-of-its-kind success-based residual for high-budget SVOD productions”.

SVOD refers to subscription video on demand, which includes Netflix and Amazon Prime Video.

A little more than two months after the writers’ strike began, SAG-AFTRA has been on strike since July 14.