Hollywood strike: Talks between studios, actors break down
Mario Tama/Getty Images News
Negotiations between Hollywood studios and actors have been suspended as the two sides failed to agree on the terms that SAG-AFTRA, the largest union representing actors, presented in its most recent proposal on Wednesday.
"After meaningful conversations, it is clear that the gap between the AMPTP and SAG-AFTRA is too great, and conversations are no longer moving us in a productive direction," the Alliance of Motion Picture and Television Producers said in a statement.
The group said the union's offer included a viewership bonus that the AMPTP said "would cost more than $800M per year â which would create an untenable economic burden."
SAG-AFTRA clapped back, accusing the studios of resorting to "bully tactics." "They intentionally misrepresented to the press the cost of the proposal â overstating it by 60%," it claimed.
Both the AMPTP and SAG-AFTRA have asserted that they are willing to return to the negotiating table 
AMPTP represents major studios including Amazon (AMZN), Apple (AAPL), Disney (DIS), NBCUniversal (CMCSA), Netflix (NFLX), Paramount (PARA), Sony (SONY) and Warner Bros. Discovery (WBD).
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