Share this @internewscast.com

The months-long actor’s strike has wreaked havoc on Hollywood. Thousands are out of work, productions have been put on hold and numerous industries have been affected, costing the California economy over $5 billion.

Hollywood’s studios and streamers returned to the bargaining table with SAG-Aftra, the union that represents over 150,000 actors, Friday for what is their third round of meetings this week. These negotiations come after talks publicly fell apart two weeks ago between SAG-Aftra and the AMPTP, which represents Hollywood’s studios and streamers (including NBC’s parent company Comcast).

Three sources familiar with the negotiations tell NBC News that progress was made on numerous issues during Thursday’s negotiations, with one source saying “it feels like the end is in sight.”

A second source said, “There is enormous pressure on both sides to get a deal done.”

But two of those three sources say that Friday’s meeting has been “challenging.”

With one insider saying, “It’s a volatile situation, both sides are far apart on some key issues.”

NBC News has reached out to both SAG-Aftra and the AMPTP for comment.

Early Friday morning SAG-Aftra wrote on X, the social media platform formerly known as Twitter, “Today, we passed a comprehensive counter across the table to the CEOs and while talks for the day have ended, our committee just completed working internally tonight.”

Among the main sticking points are residuals in the streaming era, protections around artificial intelligence and a levy on subscribers.

All sources confirmed a report by Variety that the AMPTP offered a 7% increase in minimum rates. When it comes to AI, the union wants oversight and veto power in how AI is used with their performers, something that AMPTP is not prepared to agree to, the sources said.

Netflix CEO Ted Sarandos spoke out about the ongoing negotiations earlier this month and said that the main issue keeping both sides from making a deal was a levy on subscribers. SAG-Aftra’s President Fran Drescher told NBC News at the time that the union had proposed that the streamers pay 57 cents per subscriber for the three-year deal. Sarandos publicly slammed the suggestion, saying it would cost the AMPTP over $800 million annually, a figure that Drescher said was exaggerated. All sources said that Friday’s talks were primarily centered around this issue.

The impact of the Hollywood strike has been felt in numerous industries, including transportation, dry cleaning and the restaurant industry.

August’s U.S. Jobs Report estimated that over 17,000 jobs had been lost due to the strike which has lasted over 100 days, making it the longest in Hollywood’s history. The WGA which represents over 11,000 writers came to a deal last month after nearly 150 days on strike.

In the midst of Hollywood essentially being at a standstill, numerous productions including “Mission: Impossible – Dead Reckoning Part Two,” have been pushed to 2025 due to the strike.

An uncertainty looms over the industry with the holiday season quickly approaching.

“Many actors are running out of their savings, maxing out their credit cards. This is dire. We need a deal done and we need it now,” one source said.

Share this @internewscast.com
You May Also Like
Charlie Kirk assassination: Exclusive photos show path to campus rooftop weeks later as access scrutinized

Charlie Kirk Incident: New Photos Reveal Route to Campus Rooftop Amid Security Review

“Many campus police departments do not have drone programs, which poses a…
Pope Leo XIV intervenes in US abortion debate, Chicago Cardinal Blase Cupich giving award to Illinois Senator Dick Durbin

Pope Leo XIV Weighs in on US Abortion Discussion as Chicago Cardinal Cupich Honors Senator Durbin

ROME — Pope Leo XIV has made his first intervention in an…
Robert Irwin on shirtless 'Dancing With the Stars' performance and influx of messages from American girls

Robert Irwin’s Shirtless ‘Dancing With the Stars’ Routine Sparks Attention from American Fans

Robert Irwin is feeling like a million bucks. The wildlife conservationist chatted…
'Dancing with the Stars' week 3 recap: Ballroom shocked by TikTok night elimination

‘Dancing with the Stars’ Week 3 Recap: TikTok Night Ends in Unexpected Elimination

TikTok took center stage in the ballroom Tuesday night during week three…

Jacksonville Mother Pursues Justice Following Daughter’s Tragic Hit-and-Run Death

Shardae Webber demands justice after a vehicle struck and killed her 13-year-old…
Jane Fonda relaunches free speech organization founded by her father

Jane Fonda revives her father’s free speech organization

The Committee for the First Amendment was originally founded in the 1940s…
A prolonged US government shutdown could impact your travel plans

Extended US Government Shutdown May Disrupt Your Travel Arrangements

If a U.S. government shutdown persists, it might disrupt travel plans, potentially…
When does Yom Kippur start in 2025? What do you say on Yom Kippur?

2025 Yom Kippur Start Date and Greetings Explained

Yom Kippur is a somber holiday, so you shouldn’t tell someone “Happy…
JSO: Teen killed in hit-and-run crash on Arlington Road

Jacksonville Sheriff’s Office: Teenager Dies in Arlington Road Hit-and-Run Accident

A pedestrian noticed a teenager lying unresponsive along Arlington Road North, according…
Broadview ICE facility protest: Neurodivergent man Paul Ivery released from custody pending trial after arrest at detention center

Neurodivergent Activist Paul Ivery Released After Arrest at Broadview ICE Facility Protest

CHICAGO (WLS) — Another individual among the group of five facing charges…
Judge sets sentencing date for Jacksonville rapper Ksoo convicted of murder

Live | Sentencing today for Jacksonville rapper Ksoo and co-defendant ATK Scotty following murder conviction

Ksoo and his co-defendant Leroy Whitaker, also known as ATK Scotty, are…
New Bears stadium renderings released, along with report on projected cost, economic impact of Arlington Heights, Illinois project

Renderings of New Bears Stadium Unveiled, Plus Cost and Economic Impact Report for Arlington Heights, Illinois

ARLINGTON HEIGHTS, Ill. (WLS) — We have received initial insights into the…