SAG-AFTRA Extends $1 Billion Commercials Contracts To Allow More Time For Bargaining With Ad Industry

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

SAG-AFTRA is extending the $1B commercials contracts to allow for more time for bargaining with the ad industry

have agreed to extend them on a day-to-day basis to allow negotiations to continue.

“During this time,” the union said, “all terms and conditions of the 2019 Commercials Contracts – including all waivers and provisions that might otherwise sunset – are extended. The parties will continue to negotiate, remaining under a media blackout.” The negotiations, which got underway February 16 in New York, cover numerous contracts that generate about $1 billion a year in earnings for the union’s members.

Going into the talks, SAG-AFTRA National Executive Director Duncan Crabtree-Ireland said, “Negotiating strong contracts is the key to our success as a union and ensuring the growth of employment opportunities under our commercials contracts is a priority for SAG-AFTRA.” SAG-AFTRA president Fran Drescher said at the time that she was “so impressed by the dedication and intellect of the negotiating committee that painstakingly put together this proposal package, which really addresses the needs of commercial actors and pushes the needle forward.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MichelArouca

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ten Years After the SAG-AFTRA Merger: Lessons for the Union’s FutureThe eight decade path to the landmark deal, sealed on March 30, 2012, underscores Hollywood’s troubled history of politics, technology and anxieties about control.
Source: THR - 🏆 411. / 53 Read more »

Ten Years After the SAG-AFTRA Merger: Lessons for the Union’s FutureThe eight decade path to the landmark deal, sealed on March 30, 2012, underscores Hollywood’s troubled history of politics, technology and anxieties about control.
Source: THR - 🏆 411. / 53 Read more »