Hollywood studios and actors union extend contract talks, temporarily averting strike

Record ID: 1732857

  • Title: Hollywood studios and actors union extend contract talks, temporarily averting strike
  • Date: 1st July 2023
  • Summary: LOS ANGELES, CALIFORNIA, UNITED STATES (FILE - MAY 10, 2023) (REUTERS) PICKETERS IN SUPPORT OF THE WRITERS GUILD OF AMERICA (WGA) OUTSIDE UNIVERSAL STUDIOS VARIOUS OF PICKETERS, INCLUDING SCREEN ACTORS GUILD-AMERICAN FEDERATION OF TELEVISION AND RADIO ARTISTS (SAG-AFTRA) MEMBERS (SOUNDBITE) (English) 40-YEAR-OLD SCREEN ACTORS GUILD-AMERICAN FEDERATION OF TELEVISION AND RAD
  • Embargoed: 15th July 2023 03:44
  • Keywords: Hollywood SAG actors strike television writers strike
  • Location: NEW YORK, LOS ANGELES, BEVERLY HILLS, UNITED STATES / LONDON, UNITED KINGDOM / INTERNET / UNKNOWN FILMING LOCATION
  • City: NEW YORK, LOS ANGELES, BEVERLY HILLS, UNITED STATES / LONDON, UNITED KINGDOM / INTERNET / UNKNOWN FILMING LOCATION
  • Country: US
  • Topics: Arts/Culture/Entertainment,Film,North America
  • Reuters ID: LVA001399901072023RP1
  • Aspect Ratio: 16:9
  • Story Text: EDITORS PLEASE NOTE: EDIT CONTAINS PROFANITY IN SHOT NO. 18
    Hollywood's actors union and major Hollywood studios agreed to extend their current labor contract through July 12 and keep talking to try to reach a new labor agreement, both sides said in a statement on Friday (June 30).
    Seeking to avert a second labor strike this summer, studios including Walt Disney Co and Netflix Inc are in talks with the Screen Actors Guild–American Federation of Television and Radio Artists (SAG–AFTRA) actors' union. Members of the Writers Guild of America (WGA) walked off the job on May 2.
    SAG-AFTRA's contract with studios had been set to expire at midnight on Friday. The extension gives the two sides more time to try to work out a deal. A strike by the union, which represents 160,000 actors, would ramp up pressure on studios already grappling with a nearly two-month work stoppage by the WGA.
    Negotiations were taking place during a difficult time for Hollywood studios. Conglomerates are under pressure from Wall Street to make their streaming services profitable after pumping billions of dollars into programming to attract subscribers. The rise of streaming has also eroded television ad revenue as traditional TV audiences shrink.
    (Production: Alan Devall, Ben Makori, Sandra Stojanovic, Will Russell, Gerhard Mey, Sarah Mills, Lisa Richwine, Soren Larson)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2023. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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