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SAG-AFTRA members voted to ratify the deal that successfully ended the historic 118-day strike, the union announced on Tuesday.
The contract was approved with 78% voting in favor of the deal. SAG-AFTRA didn't reveal the exact number of members who voted but said it was 38.15% of the union.
The three-year agreement is effective retroactively to November 9, and expires June 30, 2026, the union said in a press release.
The deal provides a 7% increase in minimum rates in the first year and the first-ever protections against the use of artificial intelligence to replicate performances, requiring compensation and consent guardrails to protect performers from generative AI technology.
As part of the new deal, streaming services will pay bonuses to shows that reach a certain level of success, bonuses that the union estimates will be about $40 million per year.
"This contract is an enormous victory for working performers, and it marks the dawning of a new era for the industry. Getting to this point was truly a collective effort," union president Fran Drescher and national executive director and chief negotiator Duncan Crabtree-Ireland said in a joint statement Tuesday night.
The Alliance of Motion Picture and Television Producers (AMPTP), which represents the studios, congratulated the union shortly after the announcement.
"The AMPTP member companies congratulate SAG-AFTRA on the ratification of its new contract, which represents historic gains and protections for performers. With this vote, the industry and the jobs it supports will be able to return in full force."
Actors began striking on July 14, joining the picket line alongside writers who went on strike on May 2, effectively leaving most of Hollywood at a standstill all summer.