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UPDATE: Strike Averted As IATSE & AMPTP Reach Deal On New Film & TV Contract

Source VIA Deadline

IATSE and the AMPTP have reached an agreement on a new film and TV contract, averting a threatened nationwide strike.

The new three-year contract, which must now be ratified by the union’s members, comes just hours before the deadline – midnight Sunday – imposed by IATSE president Matthew Loeb. The union and the Carol Lombardini-led AMPTP are expected to make the agreement public very shortly.

“It took a lot to get here, but this is a good deal, a fair deal for everyone concerned,” an individual close to the sometimes strained negotiations told Deadline once all the final contract language was agreed on Saturday. “Time to break out the cigars,” the individual added.

Read Full article on Deadline HERE.

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