Hollywood is on the verge of a possible second strike. The Screen Actors Guild-AFTRA (SAG-AFTRA) and the Alliance of Motion Picture and Television Producers (AMPTP) are engaged in talks, but a new deal remains elusive as the current contract expires on June 30.
Compensation for streaming content and residuals for new media are the key points of contention. SAG-AFTRA is pushing for a larger share of revenue from streaming services and residuals for digital downloads and video-on-demand. However, the AMPTP is resisting these demands, citing high costs.
In the event of a failure to reach an agreement, SAG-AFTRA could opt for a strike. This would mark the second strike in recent months, following the six-week strike by the Writers Guild of America.
A strike would disrupt production of numerous television shows and movies and could significantly impact the Hollywood economy.
As of now, it remains uncertain whether the two sides will reach an agreement before the deadline. However, if they fail to do so, SAG-AFTRA is likely to authorize a strike. This would deal a severe blow to Hollywood and have far-reaching effects on the entertainment industry as a whole.
Here are some of the possible consequences of a strike:
- Production on many television shows and movies would be shut down.
- This would lead to job losses for actors, crew members, and other industry workers.
- The Hollywood economy would take a hit.
- Consumers would have fewer new movies and TV shows to watch.
- The strike could also have a negative impact on the stock market.
