Variety magazine reported today (October 12) that the Alliance of Motion Picture and Television Producers (AMPTP) said it was unable to reach a compromise with the Screen Actors Guild (SAG-AFTRA) on a new contract, stating that the two parties had "too serious differences" on key terms of the agreement.
One of the main issues is the royalties SAG-AFTRA charges on the revenue studios make from streaming movies and TV series. The Producers Alliance says it costs companies $800 million a year to comply with the requirement, an amount it calls an "unsustainable financial burden." In addition, the two sides failed to agree on other issues, including the conditions for the use of artificial intelligence and raising the minimum wage, and the producers' union hopes that the Screen Actors Guild will reconsider its decision and return to "productive negotiations." SAG-AFTRA did not comment on the Producers Alliance's statement.
It is reported that the actors' strike has lasted for 90 days, and the writers' strike ended at the end of September, and many writers have returned to work.