Hollywood Strike Ends After Costing LA Billions, Bringing New Protections for Actors
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Hollywood actors reached a tentative deal with studios to end 118-day strike, the longest in history.
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SAG-AFTRA union fought for protections around AI, better pay, and higher streaming residuals.
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Deal valued at over $1 billion includes minimum pay increases and streaming bonus.
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Protections around AI called "unprecedented" and "precedent-setting for creative industry."
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Double whammy of writers and actors strikes cost LA economy estimated $6.5 billion.