SHERMAN OAKS, Calif. – The Alliance of Motion Picture and Television Producers (AMPTP) and the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts (IATSE) have reached a tentative agreement on terms of a new three-year Hollywood Basic Agreement.
In response to the tentative agreement, IATSE International President Matthew D. Loeb stated, “I am pleased we were able to reach an agreement that provides industry stability and meaningful terms and benefits to the membership.”
AMPTP President Carol Lombardini commented, “The industry is pleased we have reached a new agreement with IATSE months before the contract expires. With the tentative agreement in place, our member companies can immediately begin planning production for the future with certainty.”
The new agreement will become effective on August 1, 2015 and expires on July 31, 2018. Terms of the agreement are not being released at this time.