Studios Allegedly Open to Extending Actors' Strike Talks to 2024 Without a Prompt Settlement
Studios may delay actors' strike negotiations until 2024, potentially jeopardizing the future of Hollywood Find out the impact this could have on the industry
Summary
Studios in the AMPTP are prepared to push strike negotiations with SAG-AFTRA until 2024 if no deal is reached this week, as actors fight for fair pay and other goals.
The strike has been ongoing for 104 days, with negotiations resuming on October 24 after previous talks collapsed earlier this month. It is possible that studios will extend negotiations with SAG-AFTRA until 2024 since, without an agreement, new productions will not be able to commence until then.
According to reports, if no agreement is reached this week, studios in the AMPTP are prepared to extend the negotiations with SAG-AFTRA into 2024. The ongoing actors strike, which has lasted for 104 days, is centered around demands for fair pay, streaming residuals, AI regulation, and other objectives. Despite a previous breakdown in talks, fresh negotiations have been taking place since October 24.
Now, TheWrap claims that studios are apparently ready to prolong the negotiations with SAG-AFTRA until January 2024 if a deal cannot be reached by the end of this week. This potential decision is driven by the realization that if an agreement is not reached soon, new productions will not be able to commence until 2024 regardless. Consequently, studios may choose to extend the negotiations, as production will be halted regardless.
How The Actors Strike Could Impact Hollywood In 2024
Major studios have previously faced accusations of actions that would result in a longer duration of the strike. In September, Duncan Crabtree-Ireland, the negotiator for SAG-AFTRA, accused AMPTP studios of prolonging the strike by refusing to engage in dialogue with the guild. If this recent report proves to be accurate, it implies that the resumption of production for new and ongoing movie and TV projects under major studios will be significantly delayed.
The actors' strike has caused multiple films to change their release dates. Examples include Dune: Part Two, which has been postponed to 2024, and Mission: Impossible 8, which has been delayed until 2025. Since actors are unable to promote their new films, studios are pushing back release dates in the hopes that the strike will be resolved by then. This trend is expected to continue in 2024, resulting in further delays for major blockbusters that rely on actor involvement during press events.
Despite the aforementioned report, negotiations between SAG-AFTRA and the AMPTP are ongoing. However, there is no official confirmation regarding how close they are to reaching a deal. While the outcomes of these negotiations won't affect the projects currently being worked on by the WGA, they will cause delays in turning these scripts into movies. The developments in the negotiations throughout the rest of this week will determine the implications for the film and TV industry in the coming year.
Source: TheWrap
