SAG-AFTRA has reached a tentative agreement on a new three-year contract with the studios and streamers after 118 days of striking. SAG-AFTRA announced that the union's TV/Theatrical Committee approved the agreement in a unanimous vote on Wednesday and the strike will end at 12:01 am Thursday. The deal will go to the union's national board on Friday for approval.
00:00It's official, the actor's strike is over after 118 days.
00:05SAG-AFTRA has reached a tentative agreement on a new three-year contract with the studios and streamers.
00:10SAG-AFTRA announced that the union's TV theatrical committee approved the agreement in a unanimous vote on Wednesday.
00:17The strike will end at 12.01 a.m. on Thursday.
00:20The deal will go to the union's national board on Friday for approval.
00:23The performers' union announced the provisional agreement on Wednesday after about two weeks of renewed negotiations.
00:29The development came not long before a deadline of 5 p.m. that the Alliance of Motion Picture and Television Producers had set for the union to give their answer on whether they had a deal.
00:38So far, the union is keeping quiet on the details of the agreement, which will likely emerge in the next few days prior to the union's ratification vote.
00:46If the deal is ratified, the contract could soon go into effect, and if not, members would essentially send their labor negotiators back to the bargaining table with the AMPTP.
00:54For much more on this story and all the latest updates, go to THR.com.
00:59For The Hollywood Reporter News, I'm Tiffany Taylor.
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