SAG-AFTRA Secures $40 Million Streaming Bonus: ‘We’re Starting to Claw Our Way Back’
variety.comGene Maddaus Senior Media Writer SAG-AFTRA‘s new contract is worth more than $1 billion over three years. But the union did not get one of its top priorities: a share of revenue from each streaming platform.
Fran Drescher, the union president, made that her top priority, arguing it was essential to transform the contract to keep up with a transformed industry.
She sought 2% of streaming revenue, later cut to 1%, or about $500 million per year. The studios vowed that would never happen, and it did not.
Instead, the union won a “streaming participation bonus” that will be worth about $40 million annually, according to Duncan Crabtree-Ireland, the union’s top negotiator. “It’s not $500 million,” he said in an interview on Thursday. “We were never expecting that would be the ultimate number.
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