The Alliance of Motion Picture and Television Producers (AMPTP) and the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts (IATSE) have reached a tentative agreement on terms of a new three-year Hollywood Basic Agreement.
The new agreement will become effective on Aug. 1, 2015 and expires on July 31, 2018. Terms of the agreement are not being released at this time.
In response to the tentative agreement, IATSE International President Matthew D. Loeb stated, “I am pleased we were able to reach an agreement that provides industry stability and meaningful terms and benefits to the membership.”
AMPTP President Carol Lombardini commented, “The industry is pleased we have reached a new agreement with IATSE months before the contract expires. With the tentative agreement in place, our member companies can immediately begin planning production for the future with certainty.”
The IATSE is an International Union representing members employed in the stagecraft, motion picture and television production, and tradeshow industries throughout the United States, its territories, and Canada.
The AMPTP, the entertainment industry’s official collective bargaining representative, negotiates 80 industry-wide collective bargaining agreements on behalf of over 350 motion picture and television producers (member companies include the production entities of the studios, broadcast networks, certain cable networks and independent producers).