The studios' proposal reportedly included an enhanced residual bonus for high-performing streaming shows, comprehensive protections on the use of artificial intelligence and the highest increase in minimum residual payments in 40 years.
There was no immediate word on plans for the union and the Alliance of Motion Picture and Television Producers -- which represents the studios -- to resume talks.studios' "last, best & final" contract offer, noting that the two sides are still lacking an agreement on "several essential items," including the use of artificial intelligence, and there are no plans to resume talks Tuesday.
On Saturday, the union said it had received what the AMPTP dubbed the studios' "last, best & final" offer, and union officials on Sunday and Monday reviewed the proposals. "We didn't just come toward you," Netflix CEO Ted Sarandos reportedly told negotiators during Saturday's Zoom session. "We came all the way to you."The two sides met for roughly two hours Saturday and for each of the previous 12 days, according to multiple media reports.
On Saturday, they were joined by an expanded team of studio executives that also included Paramount's Brian Robbins; Disney's Dana Walden and co-chairman Alan Bergman; Amazon Studios' Mike Hopkins and Jen Salke; Sony Pictures chairperson Tony Vinciquerra; and Apple Studios' Jamie Erlicht and Zack Van Amburg, Variety reported.
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