AIRLINK 78.55 Decreased By ▼ -0.06 (-0.08%)
BOP 4.77 Increased By ▲ 0.12 (2.58%)
CNERGY 4.16 Increased By ▲ 0.13 (3.23%)
DFML 39.29 Increased By ▲ 2.81 (7.7%)
DGKC 95.65 Increased By ▲ 7.40 (8.39%)
FCCL 24.16 Increased By ▲ 1.87 (8.39%)
FFBL 32.77 Increased By ▲ 2.62 (8.69%)
FFL 9.37 Increased By ▲ 0.19 (2.07%)
GGL 10.15 Increased By ▲ 0.23 (2.32%)
HASCOL 6.54 Increased By ▲ 0.43 (7.04%)
HBL 109.50 Increased By ▲ 4.50 (4.29%)
HUBC 145.01 Increased By ▲ 7.51 (5.46%)
HUMNL 10.73 Increased By ▲ 0.08 (0.75%)
KEL 4.73 Increased By ▲ 0.09 (1.94%)
KOSM 4.26 Increased By ▲ 0.26 (6.5%)
MLCF 39.40 Increased By ▲ 2.27 (6.11%)
OGDC 129.25 Increased By ▲ 10.06 (8.44%)
PAEL 25.87 Increased By ▲ 1.89 (7.88%)
PIBTL 6.34 Increased By ▲ 0.27 (4.45%)
PPL 122.70 Increased By ▲ 8.65 (7.58%)
PRL 24.35 Increased By ▲ 1.18 (5.09%)
PTC 12.99 Increased By ▲ 0.79 (6.48%)
SEARL 61.18 Increased By ▲ 2.13 (3.61%)
SNGP 65.20 Increased By ▲ 3.22 (5.2%)
SSGC 9.89 Increased By ▲ 0.13 (1.33%)
TELE 7.86 Increased By ▲ 0.19 (2.48%)
TPLP 9.85 Increased By ▲ 0.37 (3.9%)
TRG 64.50 Increased By ▲ 0.78 (1.22%)
UNITY 26.99 Increased By ▲ 0.14 (0.52%)
WTL 1.32 Increased By ▲ 0.02 (1.54%)
BR100 7,977 Increased By 398.8 (5.26%)
BR30 25,602 Increased By 1383.8 (5.71%)
KSE100 76,208 Increased By 3410.7 (4.69%)
KSE30 24,438 Increased By 1225 (5.28%)

LOS ANGELES: Negotiators for the SAG-AFTRA actors union agreed late Tuesday to call in a federal mediator to try to forge a last-minute agreement with Hollywood studios and avoid a second simultaneous strike in the entertainment business.

The 160,000 members of SAG-AFTRA, Hollywood’s largest union, have authorized a strike if a new labor deal cannot be reached before midnight on Wednesday. The Writers Guild of America has been on strike since early May.

Hollywood actors authorize strike as writers still out

In a statement late on Tuesday, SAG-AFTRA said it was sticking with the Wednesday deadline and would “exhaust every possible opportunity to make a deal.”

“However we are not confident that the employers have any intention of bargaining toward an agreement,” the statement said.

SAG-AFTRA is demanding higher compensation in the streaming TV era plus safeguards around the use of artificial intelligence (AI). A-list stars including Jennifer Lawrence and Meryl Streep have said they are ready to walk off the job if union leaders cannot reach a “transformative deal.”

On Tuesday, SAG-AFTRA said the Alliance of Motion Picture and Television Producers (AMPTP), the group that negotiates on behalf of studios, “has abused our trust and damaged the respect we have for them in this process.”

Writers’ strike freezes ‘Handmaid’s Tale,’ ‘Game of Thrones’ spinoff

The union said studio sources had leaked the request for a mediator to the press before SAG-AFTRA negotiators were informed.

“We will not be manipulated by this cynical ploy to engineer an extension when the companies have had more than enough time to make a fair deal,” the union said.

A spokesman for the AMPTP, which represents Walt Disney Co, Netflix Inc and other major studios, did not immediately respond to a request for comment.

Negotiations were taking place at a difficult time for media companies that are under pressure from Wall Street to make their streaming businesses profitable.

‘Succession’ and strikes: what to expect from Emmy nominations

Disney, Comcast Corp’s NBCUniversal and Paramount Global each lost hundreds of millions of dollars from streaming in the most recent quarter. The rise of streaming has also eroded television ad revenue as traditional TV audiences shrink.

Comments

Comments are closed.