The Age of Peak TV continues as actors and producers have reached an agreement on a new three-year contract averting a possible actor's strike.
Representatives with the Screen Actors Guild-American Federation of Television and Radio Artists say they've reached a deal with the Alliance of Motion Picture and Television Producers that will achieve significant gains for their members. The deal was reached after extended negotiations following the expiration of the previous contract on June 30th.
Among some of the concessions won by SAG/AFTRA, the draft contact provides for wage increases of 2.5% to 3% over the next three years. The value of the new contract is estimated to come in at $256 million dollars - $56 million more than the previous contract.
All that remains is for the SAG/AFTRA membership to vote on the deal before it can go into effect.