Is That Your Final Offer?

The clock ticked down to midnight and no last minute, save-the-day deal was forthcoming. In fact, The Alliance of Motion Picture and Television Producers (AMPTP) says it has made its final offer to the Screen Actors Guild (SAG) and there will be nothing new coming any time soon from the producers.

SAG says that the $250 million in additional compensation to the actors in the union simply doesn’t go far enough and that the producers continue to wave off the real issue, which is a meaningful new media compensation package.

Even though today’s last minute negotiations bore no fruit, the actors said through their union reps that they will continue to work under the old existing contract, but wouldn’t indicate just how long they would be willing to do so without a call to strike at some point in the future if things remain deadlocked.

A new meeting has been set for Wednesday, July 2, so that AMPTP reps can explain their $250 million offer in clearer detail, but don’t expect anything new from them to be placed on the table. It will be up to SAG to outright reject the producers’ offer or find a work-a-round solution, or worst-case-scenario — call for a full work stoppage.

For SAG’s part they have stated that before any official statement can come from them a full review of the AMPTP’s 43-page offer must be completed.