Contract Expires, SAG Not Happy With Final Offer From Producers
July 1, 2008
Boston (ChattahBox) - The contract between the major Hollywood studios and TV actors has expired as the Screen Actors Guild (SAG) looks over a final offer from the Alliance of Motion Picture and Television Producers.
The Alliance of Motion Picture and Television Producers has stated that the final offer they put forth to the SAG is worth over $250 million in additional compensation to the actors in the union.
This extra $250 million will be spread out over the next three years of the new contract.
The SAG is apparently not all that happy with the final offer from the producers though, as they have stated that some of the major things they fought for were left out.
Both the studios and actors have agreed that for the time being, they will work under the old contract.
This means that there does not seem to be any strike in the future, at least for now.
The American Federation of Television and Radio Artists must vote on a contract they agreed to with the studios next week.
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