Why is the Hollywood actors’ strike still unresolved?

More than 90 days have passed since the start of the promotion. Hollywood actors go on strike, and resolution of the conflict seems to be very far away. Negotiations between artists and studios broke down last week, and the main reason for the disagreement is nothing more or less than money.

The Alliance of Motion Picture and Television Producers (AMPTP) said there was too much difference between its position and SAG-AFTRA’s demands. But what are we really talking about?

Reportedly DiversityThe advantage that prevails over others in the Hollywood actors’ strike is the implementation of a new formula for paying balances corresponding to streaming productions.

The union will demand compliance annual fund of $500 million. In the meantime, research will remain unchanged in his offer is about $20 million a year.

This means that the Hollywood actors’ strike is not resolved today due to a difference of approximately $480 million. The figure, while monstrous for ordinary people, represents a minimal portion of what the film and television industry produces annually.

However, the parties do not agree. After leaving the negotiating table, the corporations said the SAG-AFTRA lawsuit would cost them approximately $800 million a year, which would be unacceptable. However, the actors’ union accused the studios of spreading false information. Answering your request will actually cost them about 57 cents per subscriber per year.

Hollywood actors’ strike remains unresolved

Hollywood’s biggest names would also like to see money collected under the new formula for residual payments from streaming productions put into a jointly managed fund. While those responsible for the trust will be responsible for distributing it to the artists based on their appearance on different platforms.

This last point will be critical as services like Netflix, Disney+ or Amazon Prime Video will be required for delivery. specific audience statistics for your original works. Something that a priori didn’t seem like a big deal since the studios recently agreed to provide this information to the Writers Guild (WGA).

Despite this, the story will be much more complicated. The studios’ proposal to end the Hollywood actors’ strike would be identical to the one accepted by the writers. This will include the payment of bonus interest on top of the fixed amount on balances, but only to those who have participated in films or TV series that have achieved a certain level of success.

Specifically, those that can reach 20% of the US subscriber base within 90 days. Achieving this achievement is much more difficult than many might imagine. In fact, it is estimated that about 75% of streaming products do not qualify for access to compensation.

In this scenario, an agreement that would end the Hollywood actors’ strike is still a long way off. While this is happening, SAG-AFTRA announced yesterday that it will resume negotiations with video game studios, another front of the conflict, to avoid a second stop.