Contract for Hollywood actors includes $40m yearly in streaming bonuses

Union leaders on Friday shared details of three-year contract, on AI, wage increases and end to racist hair and makeup practices

Streaming services like Netflix will pay actors bonuses amounting to roughly $40m per year as part of the tentative labor agreement reached between the SAG-AFTRA actors union and major Hollywood studios, union leaders said on Friday after their board backed the deal.

The proposed three-year contract, which the union said was valued at more than $1bn over three years, was endorsed by 86% of SAG-AFTRA's national board.