What the SAG-AFTRA Deadline Means for Actors Guild

<div class="block">With the deadline for a deal to be struck between Hollywood writers and the major studios set for July 13, there could be even more ramifications for Tinseltown. Cheddar News senior reporter Michelle Castillo talked about an expiring deadline could mean for Hollywood actors.</div>

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What the SAG-AFTRA Deadline Means for Hollywood Actors

So if an agreement between SA A and the alliance of motion picture and television producers is not made by tonight, we could be looking at an actor strike and it's looking like there's not going to be a happy Hollywood ending. So the current contract expires at 11 59 pm. Tonight, Pacific Standard Time. A AAA spokesperson said, quote, we are committed to the negotiating process and will explore and exhaust every possible opportunity to make a deal. However, we are not confident that the employers have any intention of bargaining towards an agreement. Now, the actors in the studios have been going back and forth on the current contract which initially expired on July 1st was granted an extension until today. And at the top of the list is concerned over payment each time people rewatch a streaming episode similar to how residual payments are made when episodes re air on television, there's also concerns about artificial intelligence and it being used to train systems to take on actors likenesses or voices. Now, these final days of talks have involved a federal mediator which was requested on Monday by the studios S A however, has said it will not grant another extension if a deal is not made this time around. So how will the actor strike affect production overall? Here, we already know Hannah, that the writers strike which has been going on early may has delayed many movie and television series, but filming was still allowed as long as scripts didn't involve any rewrites, taking the actors out of the equation. However, means the industry will pretty much shut down overnight. So already the fall season of television, which is when most networks debut their new programming is in limbo. So writers typically enter the writers room for those projects in May. And as a result of all the delays in the strike, we're seeing a similar phenomenon to the previous writers strike in 2008, which means more reality TV, which doesn't involve writers. And in this case, many people who can be cast in those do not have to be union actors, but the streamers may have a leg up in the situation since many streaming shows are produced as a full season, those companies stockpiled content earlier preparing for these strikes. And in addition, streamers can more on international content for their service. And that is interesting. So what does this mean for the broader entertainment industry as a whole? Well, and I remember the first day of the writers strike, entertainment companies lost about $10 billion in combined market value. So we're gonna have to keep an eye on the stocks tomorrow because the actor strike is sure to have an impact. And this is gonna be the first time since 1960 that both writers and actors are on strike. And interestingly enough that strike was based on residual payments for movies going to television. There are about 160,000 actors in SA A and there's currently 11,500 people in the Writers Guild of America and already the entertainment community Fund which provides support and resources to those in the entertainment industry has said request for aid has doubled compared to the seven months prior to the writers strike.