Article: Producers set deadline for actors to accept deal

LOS ANGELES -- The major Hollywood studios have told the Screen Actors Guild that if the union does not accept its final contract offer by Aug. 15 any proposed wage increases would not be retroactive, the studios said Wednesday.

The producers alliance threw down that gauntlet in its final offer, which it said included $250 million in additional compensation over three years.

If the deadline passes before the union ratifies a contract, that means the actors could lose more than $200,000 a day in increases dating to July 1, the day the new contract would take effect.

The announcement was made as the two sides appeared to be headed toward an impasse in their contract talks.

"The producers have ...

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