SPECIAL (Updated) BULLETIN : IATSE and AMPTP Reach Tentative Deals on Basic & ASA

UPDATE: As of June 27, 2024, AMPTP and IATSE have jointly announced that they have also reached a deal on the Area Standards Agreement which covers IATSE’s 23 Locals (non-NY or LA) with 20,000 members.

Hot Labor Summer has finally cooled off a little, and production professionals can breathe a little easier. 

With just over a month to go until their deal expires, IATSE and the AMPTP have a tentative deal on the Basic Agreement. Details are forthcoming, but here are the key terms from IATSE’s missive to members:

• Better pay: wage increases of 7%, 4%, and 3.5% over three years
  • Hourly workers get 3x when a workday exceeds 15 hours
  • On Call workers get double time on every 7th day of the workweek
• AI protections: No employee is required to provide AI with prompts that might lead to employee displacement
• Pension and Health Plans: Additional payments, including streaming residuals, that would address the $670 million funding shortfall

They say they’ll release more details when the Teamsters negotiations—which are ongoing—wrap. It's also pending member ratification.

Production.Ink had predicted a short strike. Consider us pleasantly surprised. We were pretty close on the deal terms. 

UPDATE: As of June 27, 2024, AMPTP and IATSE have jointly announced that they have also reached a deal on the Area Standards Agreement which covers IATSE’s 23 Locals (non-NY or LA) with 20,000 members.