Hollywood actors' union extends contract deadline, delaying potential strike as talks continue

Major Hollywood stars have been giving a big boost this week to writers on the picket lines.

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"This is a huge deal right now for Hollywood, with again, far-reaching implications," said Paul Dergarabedian, a senior media analyst for Comscore, told CBS News prior to the extension. A major sticking point in negotiations has been streaming. Hollywood unions allege that major platforms are raking in billions in revenue, while actors and writers are being paid a lower rate and have seen their residuals dry up.

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