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Actors set to strike after talks with major studios, streaming services fail | CNN Business

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New York
CNN
 — 

A union representing about 160,000 Hollywood actors is poised to go on strike after talks with major studios and streaming services have failed.

It will be the first time its members have stopped work on movie and television productions since 1980, after a final day of negotiations failed to produce an agreement.

Fran Drescher, president of SAG-AFTRA, the union, said in a statement the studio management’s offers were “insulting and disrespectful.”

The union said its negotiating committee had unanimously recommend a strike and that its governing board will vote on that recommendation later Thursday morning.

Its members had already voted 98% in favor of authorizing a strike.

The body representing studios and streaming services did not immediately respond to a request for comment.

This is a developing story. It will be updated.

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