BREAKING (Update 1): Teamsters & Hollywood Basic Crafts Ratify Deal with AMPTP

The industry can breathe a sigh of relief as a deal has been ratified with 80% participation and north of 95% approval. AMPTP statement: “The AMPTP congratulates the Basic Crafts unions on the overwhelming ratification of their respective deals, which contain important new protections and some of the largest increases in decades. The significant economic gains, benefits, additional safety measures, and quality of life improvements in these new contracts reflect the immense value and contributions the hard-working members of these unions bring to Hollywood daily. These deals will contribute to a stronger and more stable future for the motion picture industry – one that can continue to innovate and create and maintain well-paid jobs for its employees.”