Amid the ongoing strikes in Hollywood, there is uncertainty about how SAG-AFTRA’s interim agreements will impact film sales at fall festivals. Buyers of films that have signed these agreements will be required to adhere to the terms, including payment of 2% of subscription revenue to actors for streaming projects. However, SAG chief negotiator, Duncan Crabtree Ireland, expressed doubts that streamers would acquire projects with interim agreements due to the financial implications. Once the strike ends, the interim agreement terms will revert to SAG-AFTRA’s new TV/theatrical three-year agreement. Industry insiders are concerned about the impact on film markets at festivals like Venice and Toronto.
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