In this June 25, 2008 file photo, Screen Actors Guild president Alan Rosenberg talks about current negations in the Sherman Oaks area of Los Angeles. Rosenberg said Sunday, June 29, 2008 the union remains committed to negotiating a new deal with Hollywood producers as contract expiration looms. (AP Photo/Gus Ruelas, File)
The Alliance of Motion Picture and Television Producers said the offer was worth more than $250 million in additional compensation to SAG members over the three years of the proposed contract.
The current pact was to expire at 12:01 a.m. Tuesday, but both sides said they would continue to work under the old contract.
"In short, our final offer to SAG represents a final hope for avoiding further work stoppages and getting everyone back to work," the alliance said in a statement. The alliance said film production was "virtually shut down" because of uncertainty about a deal.
The AMPTP will meet with guild representatives Wednesday afternoon to explain the offer but will not entertain counterproposals, alliance spokesman Jesse Hiestand said.
The alliance said the offer, made less than five months after the 100-day writers strike, was in line with deals cut with directors and writers guilds, as well as the tentative deal reached in May with the smaller actors union, the American Federation of Television and Radio Artists.
The results of a ratification vote for the AFTRA deal are expected July 8.
The guild said it was preparing a response.
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