Statement on Final Offer Retroactivity

The Producers remain committed to making a deal with SAG as soon as possible, which is why the AMPTP’s final offer would make the wage and salary increases retroactive to July 1, 2008 if the agreement is ratified by SAG’s membership no later than August 15, 2008. Under the final offer, if the new agreement is not ratified by August 15, 2008, all changes in terms and conditions would become effective in the first payroll period after ratification. The Producers have included this traditional incentive in the final offer in order to get everyone back to work and end the de facto strike. The Producers’ final offer includes more than $250 million in additional compensation over the course of the three year contract, as well as groundbreaking new media terms. We remain hopeful that SAG will accept our final offer and that its members will ratify the new agreement so that these economic gains can go into effect at the earliest possible period.