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Tens of thousands of Hollywood actors are preparing to strike after last-ditch talks between their unions and streaming giants broke down just hours before a major deadline.

The Screen Actors Guild has agreed to one extension of talks with major studios but the union has been unable to agree a deal over issues around pay residuals and the use of artificial intelligence.

(Picture: Hollywood, CA - June 29: Actress and activist Jane Fonda, center in dark jacket, and her "9 to 5" co-star Lily Tomlin, right, joined by the 1980 film's screenwriter Patricia Resnick, left in white jacket, cheer during a "Striking 9 to 5" picket line in front of Netflix headquarters, in Hollywood, CA, Thursday, June 29, 2023. Picture Credit: Getty Images).