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Actors are off strike? I'm glad they got what they were asking for. The studio's greed will hurt the whole industry immensely as projects are pushed half a year.
Mostly. Actors will now get residuals based on performance metrics of their shows, rather than based on the subscriber counts of the service itself (which is what the guild was originally fighting for). I think that's fair and good for everyone - actors, studios/services, and customers. Actors get rewarded for successful shows, studios will not have to choose between deleting an existing show from existence or cover residuals that are more than the show is worth, and customers lose less content as a result.
Once of the reasons so many shows have disappeared lately is because a "royalties based on service subscribers" provision existed since the last strike, meaning even shows that aren't successful can cost a service a lot of money to keep around. So instead, they just remove them from existence.
This is a key important point. Thank you for explaining it so eloquently.