The Alliance of Motion Picture and Television Producers (AMPTP) and the International Alliance of Theatrical Stage Employees (IATSE) have reached a tentative agreement on terms of a new three-year Hollywood Basic Agreement.
If approved by the membership, tThe new agreement will become effective on Aug. 1, 2015 and expires on July 31, 2018. Terms of the agreement were not released.
“The industry is pleased we have reached a new agreement with IATSE months before the contract expires,” said AMPTP president Carol Lombardini. “With the tentative agreement in place, our member companies can immediately begin planning production for the future with certainty.”
“I am pleased we were able to reach an agreement that provides industry stability and meaningful terms and benefits to the membership,” said IATSE international president Matthew Loeb.