As we enter the fall festival season amidst the ongoing double union strike, there are many uncertainties that lie ahead. One of the biggest unknowns is how interim agreements, whether signed or not, will impact a project’s chances of being picked up. Additionally, it remains unclear if AMPTP studios, who are rumored to have large cash reserves, will be more inclined to buy new content due to the lack of fresh material available, or if they will hold off given the uncertain future of negotiations.
Prior to the festival, there was speculation that studios such as Netflix had informed filmmakers that they would not consider buying projects that had signed interim agreements. (Netflix declined to comment on the matter.) By signing these agreements, streamers would be agreeing to the 2 percent revenue requirement for actors in streaming projects, as determined by Parrot Analytics’ metrics. However, it should be noted that the terms of these interim agreements will eventually be replaced by the terms outlined in the final contract between SAG-AFTRA and the AMPTP.
During an August press conference, SAG-AFTRA chief negotiator Duncan Crabtree-Ireland expressed doubt that AMPTP companies would attempt to platform content they would have to pay a revenue share on during the strike. While things are uncertain, one thing remains clear: there are numerous movies that could potentially generate sales, in any format they may be offered.