EXCLUSIVE: With Hollywood on edge and picket signs at the ready, IATSE and the AMPTP have reached an agreement on a new film and TV contract, averting a threatened nationwide strike. The new three-…
have reached an agreement on a new film and TV contract, averting a threatened nationwide strike.
The new three-year contract, which must now be ratified by the union’s members, comes just hours before the deadline – midnight Sunday – imposed by IATSE president Matthew Loeb. The union and the“It took a lot to get here, but this is a good deal, a fair deal for everyone concerned,” an individual close to the sometimes strained negotiations told Deadline once all the final contract language was agreed on Saturday.
More details are to come, but deal points include “improved wages and working conditions for streaming,” 10-hour turnaround times between shifts, MLK Day is now a holiday, “Diversity, Equity and Inclusion Initiatives,” increased funding of the health and pension plans and a 3% rate increase every year for the duration of the yett-to-be approved contract, among other changes. The AMPTP had wanted to settle the rate increase at around 3% for the first year and then shift it down to 2.
With many of the larger issues resolved late this week, today’s talks saw IATSE and the AMPTP going over several smaller-but-vital matters, we hear. Once that was settled, the administrative component had to be dealt with, as the deal was actually typed up for all to look over one final time. Though the tentative deal was reached before the deadline this weekend, and things actually really started coming together midday Friday, the situation remained in a state of flux almost right up to the final hours. Union officials were cautioning members about getting too optimistic.
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