2023-06-04 18:45:49
© Reuters. Hollywood sign in Los Angeles 05/31/2023 REUTERS/Mike Blake
(Reuters) – The Directors Guild of America (DGA) said it has reached a tentative agreement with major film and television studios, which have faced tough negotiations with Hollywood unions.
The three-year labor agreement with the Television and Film Producers Alliance (AMPTP), which represents major studios such as Netflix (NASDAQ:) and Walt Disney (NYSE:), includes salary gains, streaming revenue share, artificial intelligence agreement and reduced work hours.
“We have concluded a truly historic agreement,” Jon Avnet, chair of the DGA Negotiating Committee, said in a statement on Saturday. The DGA represents more than 19,000 directors and management team members. Negotiations between the two entities began on May 10.
The tentative agreement marks a relatively quick resolution of contract negotiations in Hollywood this year, where film and television writers have been on strike since May 2, which began after they failed to reach a deal with studios for better wages and job security.
The month-long strike by members of the Writers Guild of America has halted production of late-night shows and shut down high-profile productions such as Netflix’s “Stranger Things.”
A vote to ratify the interim agreement is scheduled for Tuesday, the DGA said. If approved, the deal could provide a blueprint for negotiations with the striking screenwriters and for upcoming talks between the studios and SAG-AFTRA, the union that represents Hollywood actors.
Notable film and television screenwriters have received support from unions representing workers in the tourism and hospitality industries, teachers, logistics workers and civil servants, setting the stage for what one union leader called a “hot summer of work”.
(Reporting by Maria Caspani)
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