Film and TV crew members have reached a tentative contract deal with the major Hollywood studios after months of bargaining, the International Alliance of Theatrical Stage Employees and the Alliance of Motion Picture and Television Producers announced Tuesday night. The resolution arrived before the current contract’s expiration date, finally permitting the entertainment industry to breathe a sigh of relief in the wake of two marathon strikes waged by actors and screenwriters. IATSE’s Hollywood Basic Agreement spans three years and covers some 50,000 craftspeople primarily based in Los Angeles.
The tentative deal includes updated terms related to pay, pension and health benefits, work-life balance, job security, subcontracting, streaming residuals and artificial intelligence. “From start to finish, your input was invaluable and ensured that our Negotiations Committee was at the bargaining table with clear goals and a consensus for how to achieve them,” IATSE’s negotiating team said Tuesday in a memo to members. “The ratification timeline will be forthcoming and we look forward to presenting to you the complete package.
” A summary of the deal will be released within the next few days, followed by a full copy of the document in roughly two weeks. The deal must then be ratified by the union’s membership before the memorandum of agreement can officially go into effect. So far, the union has revealed that the deal contains wage-scale increases of 7%, 4%, and 3.
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