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After weeks of negotiations, AMPTP presented SAG with its final offer for a new pact Monday. SAG's previous contract with AMPTP expired Tuesday at 12:01 a.m.

AMPTP said its proposal contained more than $250 million in additional compensation for SAG members over three years, groundbreaking rights for actors in the new media area, and a basic economic framework that has already been accepted by the Directors Guild of America, Writers Guild of America and American Federation of Television and Radio Artists in four separate labor negotiations this year.

"On Wednesday, we met at SAG's request for four hours to answer SAG's questions about our final offer", AMPTP said in a statement. "SAG asked for more time to study our final offer and indicated it will contact the producers on Monday. We remain hopeful that SAG will advise that it is accepting our final offer. No further meetings are scheduled."

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