Hollywood Producers Make Final Offer To Actors

LOS ANGELES (AP) — The contract between movie and TV actors and major Hollywood studios has expired with the union studying what studios call a final offer.

The Alliance of Motion Picture and Television Producers says the offer is worth more than $250 million in additional compensation over three years.

SAG executive director Doug Allen says it doesn’t address some key issues. One is residual payments to actors for reruns of productions that were made only for the Internet. Allen says the studio offer would “mean the beginning of the end of residuals.”

Both sides have said they’ll continue to work under the old contract for now.

SAG has also opposed a deal struck by a smaller actors’ union, the American Federation of Television and Radio Artists.

The AFTRA ratification results are due out July 8th.