The actors’ strike was supposed to be over, but it’s not. Here’s why

recently, many in the industry assumed the actors would follow suit. The actors’ union and the studios were in talks; they seemed to be getting along. Could a happy ending be in sight for Hollywood?The Alliance of Motion Picture and Television Producers, representing the studios, said it was suspending talks because they were “no longer moving us in a productive direction” after a session on Wednesday.

The key sticking point is a union proposal to have their share of streaming revenue delivered as a bonus to cast members, which AMPTP says would cost $800 million a year. Following the breakdown, Netflix chief executive Ted Sarandos told Bloomberg’s Screentime conference in Los Angeles the levy proposal was “a bridge too far to add this deep into the negotiation”.

Sarandos said: “We had offered a success-based bonus similar . In fact, it will cost four to five times more to implement it with SAG because of the union’s significantly larger membership of 160,000 compared to WGA’s 11,500.”“That was rejected, and the counter was this levy on every subscriber, and before that was a levy on all revenue.”

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