Hollywood crew members and major studios averted a nationwide strike late on Saturday evening that would have shut down much of film and TV production. The tentative agreement must still be ratified by the union’s members.
According to IATSE, the International Alliance of Theatrical Stage Employees, the new three year contract with the Alliance of Motion Picture and Television Producers (AMPTP) includes giving a “living wage: for the lowest paid earners in the union, improved wages and working conditions for streaming, retroactive wage increases of three percent annually, increased meal penalties, daily rest periods of 10 hours, weekend rest periods of 54 hours” and “significant increases in compensation to be paid by new-media companies.”
In addition, IATSE reports that union workers will get Martin Luther King Jr’s birthday added as a holiday. And the union says there are new diversity, equity and inclusion initiatives.
On IATSE’s website, president Matt Loweb said, “This is a Hollywood ending.”