After 118 days of work stoppage, the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has reached a tentative agreement on a new three-year contract with the Alliance of Motion Picture and Television Producers (AMPTP). A movement that will end the actors’ strike starting tomorrow, November 9th, at 12:01 a.m. Pacific Time.

“In a unanimous vote this afternoon, the SAG-AFTRA Film/Television Committee approved a tentative agreement with AMPTP to end the 118-day strike. The strike officially ends at 12:01 a.m. on Thursday, November 9th. The tentative agreement will be presented to the SAG-AFTRA National Board for review and consideration on Friday, November 10, 2023. Further details will be released after this meeting,” SAG-AFTRA said in a statement release.

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If all goes as planned, the SAG-AFTRA National Board will first approve the deal this Friday. Eligible members of the 160,000-member actors’ guild will then vote on the dates for ratification of the new contract. As with the Screenwriters, SAG-AFTRA will allow its members to return to work starting tomorrow while the ratification vote is completed.

“In a contract valued at more than $1 billion, we have established an agreement of exceptional scope that includes major minimum compensation increases, unprecedented consent and compensation provisions that protect members from the AI ​​threat and established for the first time.” a participation bonus Streaming. Our pension and health limits have been significantly increased, adding much-needed value to our plans. “In addition, the agreement includes numerous improvements across multiple categories, including huge compensation increases for background artists and important contract provisions that protect diverse communities,” SAG-AFTRA added X.

The longest strike by Hollywood actors before 2023 lasted 95 days in 1980. This year’s strike, which began on July 14, surpassed that mark on October 17. HE Appreciation that the six-month strikes cost the Hollywood entertainment industry more than $6.5 billion and 45,000 jobs.