The Wrap is reporting Prospect Park will share residuals with the production staffers of All My Children and One Life to Live. Last month the International Alliance of Theatrical and Stage Employees-Local 52 (IATSE) and PP were locked in a battle, after the union claimed the production company was spending more than $125,000 an episode. According to The Wrap, IATSE had rock-solid proof PP shelled out more than the $100,000 per episode they claimed was budgeted for the shows.
The settlement reportedly gives crew members a portion of future earnings, along with five percent in profits from broadcasting, streaming deals,and a small piece of DVD revenue. The payout is retroactive and will go to the episodes already finished.