CNN
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The Alliance of Motion Picture and Television Producers said late Wednesday that negotiations with SAG-AFTRA — the union that represents about 160,000 actors — have been suspended.
“After meaningful conversations, it is clear that the gap between AMPTP and SAG-AFTRA is too large, and the talks are no longer moving us in a productive direction,” AMPTP said in a statement.
The comment came after the Actors Guild submitted its latest proposals to the AMPTP, according to the statement.
CNN has reached out to SAG-AFTRA for comment.
AMPTP said the guild’s latest offer “included what it described as a viewing bonus that would itself cost more than $800 million annually — which would create an untenable economic burden.” SAG-AFTRA has offered little, if any, movement on the several remaining open items.
In this round of negotiations, AMPTP said it presented a list of proposals to the consortium that included “a first-of-its-kind success-based high-budget SVOD production” and several AI protections.
SVOD stands for subscription video on demand, which are streaming services that Includes Neflix and Amazon Prime Video.
SAG-AFTRA has been on strike since July 14, joining the fight just over two months after the writers’ strike began.
The writers’ strike ended in late September, and members of the Writers Guild of America ratified a new contract with Hollywood and television studios on October 9.
