The SAG-AFTRA TV/Theatrical Committee approved the agreement in a unanimous vote Wednesday, SAG-AFTRA announced. The strike will end at 12:01 a.m. Thursday. On Friday, the deal will go to the union’s national board for approval. …

The union is so far providing some details of the agreement, more of which will likely emerge in the next few days prior to the union’s ratification vote. In a message to members Wednesday night, the union said the pact is valued at over $1 billion and includes pay increases higher than what other unions received this year, a “streaming participation bonus” and regulations on AI. The tentative deal also includes higher caps on health and pension funds, compensation bumps for background performers and “critical contract provisions protecting diverse communities.” If the deal is ratified, the contract could soon go into effect, and if not, members would essentially send their labor negotiators back to the bargaining table with the AMPTP.

[They’d better have a deal that makes the months without work worth the effort. A lot of people took financial hits over the work stoppage, especially in secondary industries, who won’t ever recover from it. One question: Will the concessions and increases won in this contract end up meaning less work overall for union members? The AI “regulation” is only part of that issue. — Ed]