SAG-AFTRA reach tentative agreement with Studios

After a grueling 118 days on strike, SAG-AFTRA has officially reached a tentative agreement on a new three-year contract with studios, a move that is heralding the end of the 2023 actors’ strike.

The SAG-AFTRA TV/Theatrical Committee approved the agreement in a unanimous vote on Wednesday, SAG-AFTRA announced. The strike will end at 12:01 am Thursday. On Friday, the deal will go to the union’s national board on Friday for approval.

SAG-AFTRA’s strike, coming as it did amid an ongoing writers’ strike in July, gave the union an unusual amount of leverage early on in its talks with the AMPTP. Almost immediately, most remaining unionized U.S. productions that were operating without writers shut down, including Deadpool 3 and Venom 3. An as the months of the work stoppage stretched on, a strategist at the Milken Institute has estimated that the strikes have cost the California economy alone at least $6 billion.