Hollywood's major film and television studios and the union representing 160,000 actors were engaged in last-ditch talks on Wednesday ahead of a midnight deadline to try to avoid a second labor strike in the entertainment business.
SAG-AFTRA, Hollywood's largest union, is demanding higher compensation in the streaming TV era. The union is also seeking safeguards around the use of artificial intelligence. Members have authorized a strike if negotiators cannot reach a deal, and A-list stars including Jennifer Lawrence and Meryl Streep have said they are ready to walk off the job.
"Everybody's feeling tense and hoping that the answer is the right one," said actor Florence Pugh, speaking in London at a promotional event for the upcoming film "Oppenheimer." "You have to make $26,000 a year to qualify for your health insurance and there are a lot of people who get across that threshold through their residual payments," said actor Matt Damon at the "Oppenheimer" event.
Negotiations were taking place at a difficult time for media companies that have spent billions of dollars on programming to try to attract new streaming customers.
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