Negotiations between Hollywood studios and the actors’ union have been suspended

CNN
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The Alliance of Motion Picture and Television Producers said late Wednesday that negotiations with SAG-AFTRA — the union that represents about 160,000 actors — have been suspended.

“After meaningful conversations, it is clear that the gap between AMPTP and SAG-AFTRA is too large, and the talks are no longer moving us in a productive direction,” AMPTP said in a statement.

The comment came after the Actors Guild submitted its latest proposals to the AMPTP, according to the statement.

CNN has reached out to SAG-AFTRA for comment.

AMPTP said the guild’s latest offer “included what it described as a viewing bonus that would itself cost more than $800 million annually — which would create an untenable economic burden.” SAG-AFTRA has offered little, if any, movement on the several remaining open items.

In this round of negotiations, AMPTP said it presented a list of proposals to the consortium that included “a first-of-its-kind success-based high-budget SVOD production” and several AI protections.

SVOD stands for subscription video on demand, which are streaming services that Includes Neflix and Amazon Prime Video.

It was SAG-AFTRA On strike since July 14and joined the fight just over two months after the writers’ strike began.

Writers’ strike I finish In late September, members of the Writers Guild of America I ratified a new contract with Hollywood and Television Studios on October 9.