Actors ratify 2-year Hollywood movie, TV contract

June 9, 2009 6:47:31 PM PDT
Members of the Screen Actors Guild have voted to ratify a two-year contract covering movies and prime-time TV shows made by the major Hollywood studios.

The vote, with 78 percent in favor of the deal, follows a bitter dispute that saw Guild members fighting among themselves and left them further behind than where they started.

The contract immediately raises the minimum pay for union members. But it does not improve compensation for Internet content beyond what other unions have already accepted.

The deal comes just less than a year after the last contract expired, meaning actors have lost out on raises over the past year - which the studios estimated totaled nearly $80 million.

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