Pop the champagne, the SAG-AFTRA strike is officially over! On Wednesday, 78% of the union's members voted to ratify the contract the leadership agreed with Hollywood's major studios under the umbrella of the Alliance of Motion Picture and Television Producers (AMPTP).
That contract, agreed in November between SAG-AFTRA's leadership and the AMPTP after months of negotiations, was enough for actors to return to work on the many television and film projects, likeDeadpool 3, held at a standstill by the strike. However, the agreement wouldn't become official without the approval of the general body of actors.
The new contract, which will be valid for three years from November, offers actors over $1 billion in compensation and benefits. It also offers protection against the looming threat of artificial intelligence, which has caused panic within the industry.
In a press release published on its website, the union revealed that 78.33% of those who voted approved the new contract while 21.67% disapproved. However, the number of approvals was enough to push the deal over the line and get everyone back to work. It is worth noting that only 38.15% of the Guild's 160,000 members voted while the remaining 61.85% didn't participate.
