Programming

SAG-AFTRA Board Approves Agreement With Producers

Hollywood labor contract will go to union members for vote 7/17/2017 9:38 AM Eastern

The National Board of the Screen Actors Guild-American Federation of Television and Radio Artist approved the tentative agreement on a new contract with the Alliance of Motion Picture and Television Producers.

The agreement averted a possible strike but must still be ratified by the union’s members. Member voting will take place between July 17 and August 7.

The board’s vote was 77.4% yes to 22.5% no.

The current contracts remain in effect during the member ratification process. The term of the new agreement is for three years effective July 1, 2017, through June 30, 2020, and is retroactive upon ratification.

The union said it secured significant improvements in the residuals rate paid to performers for exhibition of their performances on streaming platforms like Netflix and Amazon. Under the new contract terms, actors will receive residuals for exhibition on subscription video on-demand platforms earlier -- after 90 days instead of after one year.

The new formula delivers a 300% increase in residuals to performers within their first two years when their work is exhibited worldwide on Netflix.

Read more at broadcastingcable.com.

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