Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Talks between studios, striking U.S. actors to restart Tuesday

Published 10/21/2023, 06:03 PM
Updated 10/21/2023, 06:06 PM
© Reuters. Team captain Spencer Morgan holds a placard as he and other 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

(Reuters) - Negotiations between media companies and the union representing striking U.S. actors will restart on Tuesday, the two sides said in a joint statement on Saturday.

Talks broke down last week as the sides clashed over streaming revenue and the use of artificial intelligence. The strike has disrupted film and television production, leaving thousands of crew members without work as well as the actors.

Members of SAG-AFTRA, which represents 160,000 actors and other media professionals, have been on strike since July. The union is seeking a deal with the Alliance for Motion Picture and Television Producers (AMPTP), which negotiates on behalf of studios.

© Reuters. Team captain Spencer Morgan holds a placard as he and other 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

"SAG-AFTRA and the AMPTP will meet for bargaining on Tuesday, October 24th at SAG-AFTRA Plaza. Several executives from AMPTP member companies will be in attendance," said the joint statement. It gave no further details.

Hollywood's film and television writers ratified a new, three-year contract earlier this month, ending their 148-day work stoppage.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.