Industry-leading actors assess Hollywood and TV studios' ultimate proposal

The SAG-AFTRA actors union's negotiating committee announced on Saturday that it is currently reviewing the final offer from the Alliance of Motion Picture and Television Producers, potentially indicating an imminent resolution to the 113-day strike among film and television actors.

CNN was informed by a reliable source that the top executives of the major studios held a virtual meeting with the negotiating committee of the actors guild on Saturday to discuss the most recent offer.

In a statement, the union expressed their intention to carefully evaluate the offer and deliberate on their response, taking into account the crucial aspects highlighted in their proposals.

There is uncertainty regarding the outcome of the negotiations. Over the past few months, the union and studio executives have had multiple meetings, with some promising progress and disappointing setbacks.

A significant event occurred on July 14 when SAG-AFTRA actors walked off the set, joining the striking writers. This marked a historic double walkout against the studios, as it was the first time in over 60 years that both writers and actors were simultaneously on strike. The actors and writers were advocating for updated contracts that provide fairer compensation for their work on streaming services. Additionally, they were seeking improved benefits and restrictions on the use of artificial intelligence, which both groups view as a potential threat to their livelihoods.

The strike would not necessarily come to an end even if a deal is reached soon. Prior to taking effect, the deal would require ratification by the 160,000 union members. It is important to note that in recent months, various unions across different industries have been rejecting contracts during voting processes.

A recent online petition, signed by over 5,000 members, has strongly urged the union to adopt a firm stance during negotiations in order to secure a final deal. The petition emphasized that they would not accept any deal that fails to meet the demands set forth at the beginning of the strike.

Several Hollywood celebrities, including George Clooney and Tyler Perry, have expressed their eagerness to return to filming. According to a source familiar with the proposal, these A-list actors offered to pay millions more in union dues in order to help put an end to the strike.

The demand from the SAG-AFTRA unions for an 11% wage increase in the first year of the proposed contract term has been a major obstacle in reaching a resolution. While the studios had agreed to a 5% pay raise, the union and the negotiators have made progress on some key issues but still remain far apart on others.