The entertainment industry is taking a collective deep breath this morning. The Writers Guild of America (WGA) and Alliance of Motion Picture and Television Producers (AMPTP) reached a tentative new deal on a three-year pact by negotiating past the midnight PST deadline.
Here's the letter the WGA sent out to its members:
Your Negotiating Committee is pleased to report that we have reached a tentative agreement with the AMPTP that we can recommend for ratification.
In it, we made gains in minimums across the board – as well as contribution increases to our Health Plan that should ensure its solvency for years to come. And we further expanded our protections in Options and Exclusivity.
We also made unprecedented gains on the issue of short seasons in television, winning a definition (which has never before existed in our MBA) of 2.4 weeks of work for each episodic fee. Any work beyond that span will now require additional payment for hundreds of writer-producers.
We won a 15% increase in Pay TV residuals, roughly $15 million in increases in High-Budget SVOD residuals, and, for the first time ever, residuals for comedy-variety writers in Pay TV.
And, also for the first time ever, job protection on Parental Leave.
Did we get everything we wanted? No. Everything we deserve? Certainly not. But because we had the near-unanimous backing of you and your fellow writers, we were able to achieve a deal that will net this Guild’s members $130 million more, over the life of the contract, than the pattern we were expected to accept.
That result, and that resolve, is a testament to you, your courage, and your faith in us as your representatives.
We will, of course, provide more details in the next few days. But until then, we just wanted to thank you – and congratulate you. Your voices were indeed heard."