Hollywood actors announce strike as Oppenheimer stars walk out of London premiere
Hollywood’s film and TV industry will effectively be shut down after American actors announced they will join writers by going on strike.
The decision to walk out means that for the first time in 63 years, both SAG-AFTRA (the Screen Actors Guild – American Federation of Television and Radio Artists) and WGA (the Writers Guild of America) will be on strike at the same time.
SAG-AFTRA said the industrial action – which is being held amid anger over pay, conditions and concerns over the use of artificial intelligence (AI) – would begin at midnight Los Angeles time.
The union also warned no date for its end had been set.
As the strike was announced, stars including Matt Damon walked out of the London premiere of historical epic Oppenheimer to “write their picket signs”, the film’s director Christopher Nolan said.
Speaking on stage at the Odeon Luxe in Leicester Square, he said: “I have to acknowledge the work of our incredible cast, led by Cillian Murphy.
“The list is enormous – Robert Downey Jr, Matt Damon, Emily Blunt, Florence Pugh, Kenneth Branagh, Rami Malek and so many more. You’ve seen them here earlier on the red carpet.
“Unfortunately, they are off to write their picket signs for what we believe to be an imminent strike by SAG, joining one of my guilds, the Writers Guild, in the struggle for fair wages for working members of their union.”
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‘It’s war’
Read more:
Why Hollywood stars could walk out and what could it mean for the film industry
Actors ‘so grateful’ after documentary secures six Emmy nominations
In a news conference announcing the strike, SAG-AFTRA executive director Duncan Crabtree-Ireland described the action as a “last resort” and said it had come after four weeks of talks.
He accused industry body the Alliance of Motion Picture and Television Producers (AMPTP) of “devaluing the work of our members” and said it had been “unwilling to offer a fair deal on key issues essential to protecting the livelihoods of working actors and performers”.
“Actors deserve a contract that reflects the changes that have taken place in the industry,” he added.
SAG-AFTRA president Fran Drescher added: “This is a moment of history that is a moment of truth…
“The jig is up AMPTP, we stand tall, you need to wake up and smell the coffee. You cannot exist without us.”
The union – which represents 160,000 performers – had earlier voted unanimously to recommend a strike after negotiations with Hollywood studios failed to reach an agreement.
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Why are US actors striking?
Two of the actors’ big demands are higher pay and safeguards against unauthorised use of their images through AI.
The streaming boom – which provides the bulk of TV actors’ work – is also a big factor in contract negotiations.
Writers who are members of the WGA have already been striking for two months, seeking higher minimum pay, more writers per show and less exclusivity on single projects.
Productions hit by the writers’ strike include season five of Stranger Things, season two of The Last Of Us, season six of The Handmaid’s Tale and Game Of Thrones spinoff A Knight Of The Seven Kingdoms: The Hedge Knight.
The decision for performers to join them on strike means Hollywood is likely to come to a virtual standstill – with many predicting an autumn TV schedule full of reality TV as a result.
AMPTP – which represents the likes of Netflix, Disney and other studios – said it was “deeply disappointed” by the union’s decision.
It added: “This is the union’s choice, not ours.
“In doing so, it has dismissed our offer of historic pay and residual increases, substantially higher caps on pension and health contributions, audition protections, shortened series option periods, a groundbreaking AI proposal that protects actors’ digital likenesses, and more.”
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Actress Margot Robbie said she supports the actors’ strike
Equity, the British actors’ union, said in a statement on Thursday that it “stands full square behind our sister union in their claim, and the action their Board have agreed to take”.
While the US actors’ strike will not directly affect those working in the UK, it is thought that British performers who are members of SAG-AFTRA and working in the US will lawfully be allowed to take part.
US
Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem
Stock markets around the world fell on Thursday after Donald Trump announced sweeping tariffs – with some economists now fearing a recession.
The US president announced tariffs for almost every country – including 10% rates on imports from the UK – on Wednesday evening, sending financial markets reeling.
While the UK’s FTSE 100 closed down 1.55% and the continent’s STOXX Europe 600 index was down 2.67% as of 5.30pm, it was American traders who were hit the most.
Trump tariffs latest: US stock markets tumble
All three of the US’s major markets opened to sharp losses on Thursday morning.
The S&P 500 is set for its worst day of trading since the COVID-19 pandemic. File pic: AP
By 8.30pm UK time (3.30pm EST), The Dow Jones Industrial Average was down 3.7%, the S&P 500 opened with a drop of 4.4%, and the Nasdaq composite was down 5.6%.
Compared to their values when Donald Trump was inaugurated, the three markets were down around 5.6%, 8.7% and 14.4%, respectively, according to LSEG.
Worst one-day losses since COVID
As Wall Street trading ended at 9pm in the UK, two indexes had suffered their worst one-day losses since the COVID-19 pandemic.
The S&P 500 fell 4.85%, the Nasdaq dropped 6%, and the Dow Jones fell 4%.
It marks Nasdaq’s biggest daily percentage drop since March 2020 at the start of COVID, and the largest drop for the Dow Jones since June 2020.
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The latest numbers on tariffs
‘Trust in President Trump’
White House press secretary Karoline Leavitt told CNN earlier in the day that Mr Trump was “doubling down on his proven economic formula from his first term”.
“To anyone on Wall Street this morning, I would say trust in President Trump,” she told the broadcaster, adding: “This is indeed a national emergency… and it’s about time we have a president who actually does something about it.”
Later, the US president told reporters as he left the White House that “I think it’s going very well,” adding: “The markets are going to boom, the stock is going to boom, the country is going to boom.”
He later said on Air Force One that the UK is “happy” with its tariff – the lowest possible levy of 10% – and added he would be open to negotiations if other countries “offer something phenomenal”.
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How is the world reacting to Trump’s tariffs?
Economist warns of ‘spiral of doom’
The turbulence in the markets from Mr Trump’s tariffs “just left everybody in shock”, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions in Boston, told Reuters.
He added that the economy could go into recession as a result, saying that “a lot of the pain, will probably most acutely be felt in the US and that certainly would weigh on broader global growth as well”.
Meanwhile, chief investment officer at St James’s Place Justin Onuekwusi said that international retaliation is likely, even as “it’s clear countries will think about how to retaliate in a politically astute way”.
He warned: “Significant retaliation could lead to a tariff ‘spiral of doom’ that could be the growth shock that drags us into recession.”
Read more:
Do Trump’s ‘Liberation Day’ tariff numbers add up?
Tariffs about something more than economics: power
It comes as the UK government published a long list of US products that could be subject to reciprocal tariffs – including golf clubs and golf balls.
Running to more than 400 pages, the list is part of a four-week-long consultation with British businesses and suggests whiskey, jeans, livestock, and chemical components.
Meanwhile, Prime Minister Sir Keir Starmer said on Thursday that the US president had launched a “new era” for global trade and that the UK will respond with “cool and calm heads”.
It also comes as Canadian Prime Minister Mark Carney announced a 25% tariff on all American-imported vehicles that are not compliant with the US-Mexico-Canada trade deal.
He added: “The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. This is a tragedy.”
Tanking stock markets, collapsing world orders, devastating trade wars; economists with their hair ablaze are scrambling to keep up.
But as we try to make sense of Donald Trumps’s tariff tsunami, economic theory only goes so far. In the end this surely is about something more primal.
Power.
Understanding that may be crucial to how the world responds.
Yes, economics helps explain the impact. The world’s economy has after all shifted on its axis, the way it’s been run for decades turned on its head.
Instead of driving world trade, America is creating a trade war. We will all feel the impact.
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PM will ‘fight’ for deal with US
Donald Trump says he is settling scores, righting wrongs. America has been raped, looted and pillaged by the world trading system.
But don’t be distracted by the hyperbole – and if you think this is about economics alone, you may be missing the point.
Above all, tariffs give Donald Trump power. They strike fear into allies and enemies, from governments to corporations.
This is a president who runs his presidency like a medieval emperor or mafia don.
It is one reason why since his election we have seen what one statesman called a conga line of sycophants make their way to the White House, from world leaders to titans of industry.
The conga line will grow longer as they now redouble their efforts hoping to special treatment from Trump’s tariffs. Sir Keir Starmer among them.
President Trump’s using similar tactics at home, deploying presidential power to extract concessions and deter dissent in corporate America, academia and the US media. Those who offer favours are spared punishment.
His critics say he seeks a form power for the executive or presidential branch of government that the founding fathers deliberately sought to prevent.
Whether or not that is true, the same playbook of divide and rule through intimidation can now be applied internationally. Thanks to tariffs
Each country will seek exceptions but on Trump’s terms. Those who retaliate may meet escalation.
This is the unforgiving calculus for governments including our own plotting their next moves.
The temptation will be to give Trump whatever he wants to spare their economies, but there is a jeopardy that compounds the longer this goes on.
Read more:
Do Trump’s numbers on tariffs really add up?
Trump hits island home only to penguins with 10% tariffs
Could America’s traditional allies turn to China? Pic: AP
Malcolm Turnbull, the former Australian prime minister who coined the conga line comparison, put it this way: “Pretty much all the international leaders I have seen that have sucked up to Trump have been run over. The reality is if you suck up to bullies, whether it’s global affairs or in the playground, you just get more bullying.”
Trading partners may be able to mitigate the impact of these tariffs through negotiation, but that may only encourage this unorthodox president to demand ever more?
Ultimately the world will need a more reliable superpower than that.
In the hands of such a president, America cannot be counted on.
When it comes to security, stability and prosperity, allies will need to fend for themselves.
And they will need new friends. If Washington can’t be relied on, Beijing beckons.
America First will, more and more, mean America on its own.
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