Hollywood A-Listers Engage in Closed-Door Talks with SAG-AFTRA Leaders Amidst Strike Standoff
In a move reflecting the deepening crisis of the three-month-long strike, Hollywood luminaries, including George Clooney, Scarlett Johansson, Emma Stone, Ben Affleck, and Tyler Perry, convened with SAG-AFTRA leaders on Tuesday. The meeting, conducted on Zoom, emerged six days after the Alliance of Motion Picture and Television Producers abruptly terminated negotiations, citing disagreements over a proposed revenue-sharing scheme for streaming services.
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SAG-AFTRA, remaining tight-lipped about the specifics, declined to divulge details of the meeting, stating their policy against commenting on private conversations. The unexpected breakdown in talks, especially concerning streaming revenue, has mounted immense pressure on both the industry players and its workforce, which, due to the strike, is grappling with economic hardships, having been unable to work for months.
The deadlock has significantly jeopardized the ongoing television season and posed challenges for studios, impacting their ability to promote and launch holiday season movies. For the studios, which have faced financial constraints due to industry standstills in the second and third fiscal quarters, the urgency to forecast positive news during the final months of the year has intensified, with Netflix scheduled to announce its quarterly earnings this week.
Key to the impasse was the guild’s latest proposal: a flat $1 per subscriber, per year fee for all streaming services, a departure from their previous demand for a 1% fee from streaming revenue, which was rejected outright by the studios. Negotiations, which were expected to resume on October 12, were prematurely halted after the studio executives, including figures from Warner Bros. Discovery, Netflix, Disney, and NBCUniversal, asserted that continuing discussions were futile.
SAG-AFTRA’s negotiators expressed surprise at the studios’ decision, describing it as “inexplicable.” They defended their modified proposal as an attempt to present a different approach, acknowledging the studios’ unwillingness to compromise their revenue streams. Despite Hollywood’s top-tier stars rallying behind the guild’s revenue-sharing plan, the standoff persists, leaving the industry in a precarious state and the fate of numerous productions hanging in the balance.
Hollywood A-Listers Engage in Closed-Door Talks with SAG-AFTRA Leaders Amidst Strike Standoff
In a move reflecting the deepening crisis of the three-month-long strike, Hollywood luminaries, including George Clooney, Scarlett Johansson, Emma Stone, Ben Affleck, and Tyler Perry, convened with SAG-AFTRA leaders on Tuesday. The meeting, conducted on Zoom, emerged six days after the Alliance of Motion Picture and Television Producers abruptly terminated negotiations, citing disagreements over a proposed revenue-sharing scheme for streaming services.
SAG-AFTRA, remaining tight-lipped about the specifics, declined to divulge details of the meeting, stating their policy against commenting on private conversations. The unexpected breakdown in talks, especially concerning streaming revenue, has mounted immense pressure on both the industry players and its workforce, which, due to the strike, is grappling with economic hardships, having been unable to work for months.
The deadlock has significantly jeopardized the ongoing television season and posed challenges for studios, impacting their ability to promote and launch holiday season movies. For the studios, which have faced financial constraints due to industry standstills in the second and third fiscal quarters, the urgency to forecast positive news during the final months of the year has intensified, with Netflix scheduled to announce its quarterly earnings this week.
Key to the impasse was the guild’s latest proposal: a flat $1 per subscriber, per year fee for all streaming services, a departure from their previous demand for a 1% fee from streaming revenue, which was rejected outright by the studios. Negotiations, which were expected to resume on October 12, were prematurely halted after the studio executives, including figures from Warner Bros. Discovery, Netflix, Disney, and NBCUniversal, asserted that continuing discussions were futile.
SAG-AFTRA’s negotiators expressed surprise at the studios’ decision, describing it as “inexplicable.” They defended their modified proposal as an attempt to present a different approach, acknowledging the studios’ unwillingness to compromise their revenue streams. Despite Hollywood’s top-tier stars rallying behind the guild’s revenue-sharing plan, the standoff persists, leaving the industry in a precarious state and the fate of numerous productions hanging in the balance.
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