Actors in Hollywood have reached a deal with major studios that will end their 118-day strike, the union announced Wednesday. The strike, the second of its kind this year, was sparked by demands for higher wages in the streaming-TV era. The union said Wednesday that its negotiators have reached a preliminary agreement with AMPTP, which represents Disney, Netflix, and other media giants.
The three-year agreement, worth over $1 billion, will enter into force at 1 p.m. ET on Thursday. The union said its negotiating committee unanimously supported the deal. The agreement includes an increase in minimum salaries, as well as a “streaming participation” bonus, according to the union. It also includes protections against the unauthorized use of “digital doubles,” an area that has been a major concern among performers.
The agreement will be considered by the group’s national board on Friday. The union said it will provide more information after the meeting. The alliance of motion picture and television producers said Wednesday’s agreement represented “a new paradigm” and provided the union with “the largest contract on contract gains” in the union’s history. “We look forward to the industry getting back to the business of telling great stories,” said the organization representing media companies. Now that the strike is over, Hollywood can begin production on projects that have been put on hold since May.