SAG, AFTRA Approve 3-Year Contract With AMPTP
LOS ANGELES (AP) — Two film industry unions have agreed to a proposed contract from Hollywood movie and television studios in a tentative deal that would eliminate the threat of an actors’ strike for at least three years.
The American Federation of Television and Radio Artists and the Screen Actors Guild reached the agreement with the Alliance of Motion Picture and Television Producers after more than two months of negotiations.
The agreement announced early Sunday would increase benefit contributions to health and retirement funds by 10 percent, bringing the total contribution rate to 16.5. Wages would increase by six percent over the three-year span of the contract.
“We met our goal of increasing contributions to our retirement and pension plans,” AFTRA National President Roberta Reardon said in a statement. AFTRA represents 70,000 professional performers, broadcasters and recording artists.
SAG President Ken Howard added that strengthening the pension and health plans was a top priority in negotiations. SAG represents 125,000 actors.
The contract also promises expanded union coverage over new media productions.
The deal would become effective in July after current contracts expire. It must first be approved by a joint board for the unions. After that, the contract would be sent out to the unions’ memberships for a vote.
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