Actors and producers reached an agreement on a new three-year contract Tuesday morning, avoiding a possible strike.
Representatives of the Screen Actors Guild-American Federation of Television and Radio Artists said their deal with the Alliance of Motion Picture and Television Producers achieved significant gains for their members.
“This is a forward-looking package with meaningful gains across our entire membership,” SAG-AFTRA President and negotiating committee chair Gabrielle Carteris said. “Working with our terrific negotiating committee and staff, we achieved significant improvements in streaming new media compensation. We also established comprehensive travel guidelines to eliminate ambiguity and provide a seasonal fee schedule for location series work.” The deal was reached at around 5:45 a.m. Tuesday after extended negotiations following the expiration of the old contract on June 30.
It includes annual wage raises of 2.5 percent, 3 percent and 3 percent over the next three years.
The overall value of the deal was pegged at $256 million, outpacing the previous contract’s value of $200 million. Negotiations were conducted at the AMPTP headquarters in Sherman Oaks.
The SAG/AFTRA membership still has to vote on the deal before it can go into effect.
—City News Service