Strike Averted: Film & TV Actors Union Reaches Agreement with Producers

Actors and producers reached an agreement on a new three-year contract this morning, avoiding a possible strike … The Hollywood Reporter reports the Alliance of Motion Picture and Television Producers and SAG-AFTRA  wrapped up their talks at around 5:45 a.m. today.     It includes annual wage raises of 2.5 percent, 3 percent and 3 percent over the next three years, the Hollywood Reporter said. The overall value of the deal was pegged at $256 million, outpacing the previous contract’s value of $200 million. Negotiations were conducted at the AMPTP headquarters in Sherman Oaks. The SAG/AFTRA membership still has to vote on the deal before it can go into effect.