Members of the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) finally completed their vote on the agreement negotiated with the Alliance of Motion Picture and Television Producers Studios (AMPTP) last month. The majority of votes passed, with 78.33% in favor and 21.67% against.
The new agreement is valid until June 30, 2026. This marks the end of the first simultaneous actor and screenwriter strike in Hollywood's 63-year history that began this summer.
SAG-AFTRA said: "This agreement includes more than $1 billion in new salary and benefit plan funding, as well as significant gains from the traditional residual formula. It provides a new compensation model for actors working in streaming, provides substantial bonuses on top of the existing residual structure, and provides salary upgrades for principal and background actors. In addition, the agreement also establishes detailed consent agreements and compensation guardrails for the use of artificial intelligence, hair and makeup equity, solid protections for the casting process, sexual harassment prevention protections and more."