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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
FinanceHollywood

Hollywood actors agree to federal mediation to avoid a strike—but expect it to happen anyway

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Andrew Dalton
Andrew Dalton
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The Associated Press
The Associated Press
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By
Andrew Dalton
Andrew Dalton
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The Associated Press
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July 12, 2023, 6:10 AM ET
Actors and comedians Tina Fey, center, and Fred Armisen, right, join striking members of the Writers Guild of America on the picket line during a rally outside Silvercup Studios, on May 9, 2023, in New York.
Actors and comedians Tina Fey, center, and Fred Armisen, right, join striking members of the Writers Guild of America on the picket line during a rally outside Silvercup Studios, on May 9, 2023, in New York. Bebeto Matthews—AP
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Unionized Hollywood actors on the verge of a strike have agreed to allow a last-minute intervention from federal mediators but say they doubt a deal will be reached by a negotiation deadline late Wednesday.

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“We are committed to the negotiating process and will explore and exhaust every possible opportunity to make a deal, however we are not confident that the employers have any intention of bargaining toward an agreement,” the Screen Actors Guild-American Federation of Radio and Television Artists said in a statement Tuesday night.

The actors could join the already striking Writers Guild of America and grind the already slowed production process to a halt if no agreement is reached with the Alliance of Motion Picture and Television Producers. The sides agreed to an extension before the original contract expiration date on June 30, resetting it to Wednesday at 11:59 p.m.

Growing pessimism surrounding the talks seemed to turn to open hostility when SAG-AFTRA released a statement Tuesday night.

It came in response to a report in Variety that a group of Hollywood CEOs had been the force behind the request for mediation, which the union said was leaked before its negotiators were informed of the request.

The AMPTP declined comment through a representative. It’s not clear whether federal mediators have agreed to take part, but such an intervention would presumably require more time than the hours left on the contract.

“The AMPTP has abused our trust and damaged the respect we have for them in this process,” the SAG-AFTRA statement said. “We will not be manipulated by this cynical ploy to engineer an extension when the companies have had more than enough time to make a fair deal.”

Issues on the table in the talks include residual pay and the threat of unregulated use of artificial intelligence.

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