After 118 days, the strike between SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) is over. The two sides have reached a tentative deal on a new three-year contract.

The strike began on October 18, 2023, when SAG-AFTRA members went on strike after negotiations with the AMPTP failed to reach an agreement. The strike was the first major work stoppage in Hollywood in 60 years.

The tentative deal includes a 7% basic minimum increase in the first year, 4% in July 2024, and a 3.5% increase in July 2025. The deal also includes new provisions for streaming residuals, health and pension benefits, and background actors.

The tentative deal must now be ratified by SAG-AFTRA’s national board and the AMPTP’s board of governors. If the deal is ratified, it will end the longest strike in Hollywood history.

“We are pleased to announce that we have reached a tentative agreement with the AMPTP,” said SAG-AFTRA President Fran Drescher in a statement. “This is a victory for our members, who have stood together for so long fighting for a fair contract. We are grateful for the hard work and dedication of our negotiating committee, and we are proud of our members for their solidarity and sacrifice.”

The AMPTP also released a statement, saying that it was “pleased to have reached this tentative agreement with SAG-AFTRA.” The statement said that the agreement was “in the best interests of both sides and the industry as a whole.”

The tentative deal is a major victory for SAG-AFTRA members, who have been without work for the past four months. The deal will provide them with much-needed raises and improved benefits.

The deal is also a victory for the AMPTP, which was able to avoid a protracted and costly strike. The deal will allow the studios to get back to work on new productions.

The tentative deal is a welcome news for the entertainment industry, which has been hit hard by the strike. The deal will help to get the industry back on its feet and allow it to continue to produce the world-class content that it is known for.

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