Studios' "Last, Best, and Final" Offer Fails to End SAG-AFTRA Strike

Hollywood studios are making progress in contract negotiations with SAG-AFTRA to end the 117-day strike, with a focus on resolving issues related to artificial intelligence (AI). The union and studios have reached a common understanding on certain AI issues, but differences remain on essential items. The deal includes a significant increase in minimum rates and a bonus for actors in streaming residuals. The studios have warned that a deal is needed urgently to salvage the TV schedule and prevent further film postponements. The changes agreed upon on Monday may still need endorsement from the union's negotiating committee.