After months of tense negotiations and picket lines, the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA) has officially reached a deal with major studios, bringing an end to one of the longest strikes in Hollywood history.

The strike, which began on July 14, 2023, lasted 118 days and paralyzed film and television production across the industry. The new three-year contract includes historic gains for performers, including:

• Over $1 billion in total value across the contract term

• Immediate 11% pay increases for background actors

• A $40 million residual bonus for successful streaming projects

• Groundbreaking AI protections, requiring informed consent and fair compensation for