Stocks

Striking US actors union says major issues still unresolved with studios

1 Mins read

© Reuters. FILE PHOTO: SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. REUTERS/Mario Anzuoni/File Photo

(Reuters) – Striking Hollywood actors and studios remain far apart on key issues and will meet on Tuesday, the actors union said late on Monday.

“While talks over the past week have been productive, we remain far apart on key issues, the union said in an update to its members.

When asked about speculation that negotiations could be over by Halloween, SAG-AFTRA’s chief negotiator Duncan Crabtree-Ireland also said major issues have yet to be resolved.

“I don’t think we can put a timeline on it at this point,” Crabtree-Ireland told Reuters.

A representative for the Alliance of Motion Picture and Television Producers (AMPTP) did not immediately respond to a request for comment.

Last week, the union made a comprehensive counteroffer to AMPTP, the group representing Walt Disney (NYSE:) Netflix (NASDAQ:) and other major media companies.

The two sides had suspended talks earlier this month as they clashed over streaming revenue, the use of artificial intelligence and other issues.

Members of SAG-AFTRA, which represents 160,000 actors and other media professionals, have been on strike since July.

Read the full article here

Related posts
Stocks

Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion - sources

1 Mins read
© Reuters. The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters in Beijing,…
Stocks

Exclusive-ICBC injected capital into U.S. unit after hack - sources

1 Mins read
© Reuters. FILE PHOTO: The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters…
Stocks

Biden officials reject Moody's shift to 'negative' outlook, point to Republican 'dysfunction'

1 Mins read
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *