SAG-AFTRA and Studios Consider Extending Talks Amid Approaching Contract Expiration

EXCLUSIVE: Excitement is building as we approach the expiration of SAG-AFTRA’s contract with the studios in just 54 hours. Both sides are now considering extending negotiations until next week or even slightly later, potentially until July 7. The stakes are high, especially after a powerful letter signed by over 1,000 high-profile actors, including union president Fran Drescher, was made public this week. The letter, signed by stars like Meryl Streep, Jennifer Lawrence, Julia Louis-Dreyfus, and Amy Schumer, states that they are ready to strike if the guild doesn’t achieve their demands in talks with studios and streamers. This development has definitely changed the atmosphere of the negotiations from “rosy” to “complicated,” according to a well-positioned source. Another source suggests that the purpose of a possible extension is to allow everyone to enjoy the upcoming holiday. With the WGA currently on strike, an actors’ strike would bring all shoots to a halt worldwide. Therefore, an extension is seen as a positive step for now. It’s worth noting that in both 2014 and 2017, negotiations between the studios and the actors’ union went past the contract deadline into early July. Several feature productions, such as “Beetlejuice 2,” “Bad Boys 4,” and “Minecraft,” are racing against the clock to finish before a potential strike occurs. The AMPTP, under a media blackout with SAG-AFTRA, had no comment on any extension. SAG-AFTRA did not respond to requests for comment. Following the six-week strike by the Writers Guild and the recent deal between the DGA and the studios, SAG-AFTRA began bargaining on June 7. Armed with a strike authorization supported by nearly 98% of its members, the actors’ union is determined to fight for their demands. While an extension may relieve some pressure, it’s important to remember that a strike is still a possibility until the final talks break down, according to an industry source.