"Surprising Average Pay for Actors Sparks Hollywood Strike, Threatens Venice Film Festival"

The SAG-AFTRA union, representing 160,000 Hollywood actors, has gone on strike, demanding increased pay and a rethinking of residuals, which have diminished with the rise of streaming services. While well-known actors earn millions, the average pay for California actors is $26,470, and many struggle to meet the union's health insurance threshold. Actors rely on residuals for steady income, but the shift to streaming has significantly reduced their earnings. The strike, combined with the ongoing writers' strike, could cause billions of dollars in damage and impact the global entertainment industry.