The Hollywood actors’ strike has come to an end.

After 118 days of violent conflict, Hollywood actors’ strike ends. Last night, SAG-AFTRA announced the approval of a tentative agreement that ends its conflict with the Alliance of Motion Picture and Television Producers (AMPTP). The artists’ strike officially ended at 12:01 pm PT this Thursday, November 9th.

IN thread on X (Twitter), the union confirmed the decision and ended several days of intense pressure. Especially after movie and TV studios came up with a proposal that was called “the latest, the best and the final.”

Once this preliminary agreement is approved, SAG-AFTRA affiliates will have the final say and will have to vote on whether to accept it. It is estimated that this may take at least a week. Meanwhile, the union’s national board will consider a new contract starting this Friday.

Although the agreement has not been ratified, the end of the Hollywood actors’ strike means artists can return to work. It means that are authorized to resume filming and promoting their projects from today.

At this time, SAG-AFTRA will not provide further details until the national board thoroughly reviews the documentation. However, the organization, chaired by Fran Drescher, emphasized that this emergency agreement. Not only because it includes increases in minimum compensation and bonuses for performances in original productions for streaming, but also because it includes measures to protect performers from the development of artificial intelligence.

Hollywood actors’ strike ends after 118 days

Thus, SAG-AFTRA announced the end of the Hollywood actors’ strike and emphasized the improvements achieved during the negotiation rounds:

“In a contract worth more than $1 billion, we have reached an agreement of extraordinary magnitude that includes a ‘beyond-standard’ increase in minimum compensation, unprecedented consent and compensation provisions that will protect our members from the threat of AI and that, for the first time, establishes a bonus for participating in streaming .

Our pension and health care limits have been significantly increased, which will add much-needed value to our plans. Additionally, the agreement includes numerous improvements across several categories, including significant increases in compensation for extras and important contract provisions that protect diverse communities.

We have entered into a contract that will enable SAG-AFTRA members of all ranks to build sustainable careers. “Many thousands of artists now and in the future will benefit from this work.”

After the end of the strike, which kept Hollywood actors on guard for 118 days, AMPTP celebrated the agreement. It represents a paradigm shift, according to movie and TV studios, and guarantees artists the biggest minimum wage increase in 40 years, among other benefits. “AMPTP is pleased to have reached a preliminary agreement and looks forward to getting the industry back to work and telling great stories,” the companies said.

The end of the Hollywood actors’ strike will undoubtedly bring some peace to the entertainment industry. However, the almost 4-month strike is expected influence the premieres of several TV series and films which were planned for the first half of 2024. Bob Iger, Disney’s CEO, recently said the studios still hope to maintain their movie release schedule for next summer. However, this was due to the speedy resolution of the conflict.

Now that the actors’ strike is over, it’s likely that the entire Hollywood machine will once again be put into motion to try to complete the most delayed projects. Despite this, It is a fact that the launch of some productions will be delayed.. Paramount has already confirmed this. Mission Impossible 8, for example, will be delayed for a year. When Deadpool 3Meanwhile, Disney’s releases for the first half of next year are not listed; although representatives from the Mickey Mouse House have yet to publicly confirm this.