The contract between movie and TV actors and major Hollywood studios expired early Tuesday after the studios made a final offer and the Screen Actors Guild said it would take more than a day to study it.The Alliance of Motion Picture and Television Producers (AMPTP) said the offer was worth more than $250 million US in additional compensation to members of the guild over the three years of the proposed contract.The current pact expired at 12:01 a.m. PT, but both sides said they would continue to work under the old contract after the deadline passed."In short, our final offer to SAG represents a final hope for avoiding further work stoppages and getting everyone back to work," the alliance said in a statement.The alliance said film production had been "virtually shut down" because of uncertainty about a deal.The AMPTP will meet with guild representatives Wednesday afternoon to explain the offer, but will not entertain counterproposals, spokesman Jesse Hiestand said. Key issues not addressed: unionThe guild said it would prepare a formal response once it analyzes the 43-page offer, but SAG's chief negotiator, executive director Doug Allen, immediately criticized it."This offer does not appear to address some key issues important to actors," he ...