The union representing Hollywood crews has reached an agreement on a new contract with the major studios, avoiding a historic strike next week that would have disrupted film and TV production nationwide
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IATSE said the tentative contract, which is subject to approval by members, improves wages and working conditions for streaming productions, provides a retroactive wage increase of 3% annually and higher penalties for companies that don’t provide meal breaks. The agreement also includes unspecified diversity, equity and inclusion initiatives and adding Martin Luther King Jr.'s birthday as a holiday, the union said.
But this time around, the union’s leaders recognized they had substantial leverage against the studios. The networks feared another work stoppage would contribute to further ratings declines by interrupting the production of popular shows such as CBS’ “Young Sheldon,” ABC’s “Dancing with the Stars” and “Jimmy Kimmel Live!” and NBC’s “The Voice.”
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