LOS ANGELES—Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday.
The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on behalf of Netflix Inc., Walt Disney Co., Warner Bros Discovery and others, said SAG-AFTRA “continues to mischaracterize the negotiations.”