Lynette Rice
February 20, 2009 AT 09:52 AM EST

The conglomerates are done negotiating. The Alliance of Motion Picture and Television Producers released a statement on Thursday, saying they’ve offered the Screen Actors Guild a “last, best and final offer” that includes additional (albeit undisclosed) sweeteners on top of the $250 million bump in wages, benefits, and new media residuals that was previously offered. The major studios are giving the actors 60 days to respond, “at which point we reserve the right to modify or withdraw the terms.”

“The AMPTP made these enhancements in an effort to conclude the AMPTP’s sixth major labor agreement in the past year,” according to the statement. “The terms in the offer are the best we can or will offer in light of the five other major industry labor deals negotiated over the past year and the extraordinary economic crisis gripping the world economy.”

SAG has been working without a contract since last June.

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