The extension comes after members of the Writers Guild of America (WGA) walked off the job on May 2. Read more at straitstimes.com.
LOS ANGELES - Hollywood’s actors union and major Hollywood studios agreed to extend their current labor contract through July 12 and keep talking to try to reach a new labor agreement, both sides said in a statement on Friday.studios including Walt Disney Co and Netflix Inc are in talks with the Screen Actors Guild - American Federation of Television and Radio Artists actors union after members of the Writers Guild of America walked off the job on May 2.
“The parties will continue to negotiate under a mutually agreed upon media blackout,” the parties said in their statement on Friday evening. Negotiations were taking place during a difficult time for Hollywood studios. Conglomerates are under pressure from Wall Street to make their streaming services profitable after pumping billions of dollars into programming to attract subscribers.A strike by SAG-AFTRA, which represents 160,000 actors, would ramp up pressure on studios already grappling with a nearly two-month work stoppage by the WGA.
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