The Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a last minute deal with the entertainment industry avoiding a crippling strike.
The original agreement between the two groups and the industry in general expired yesterday, however a "gentleman's agreement" saw that temporarily extended whilst last minute negotiations took place.
In a letter to its members, the WGA said; "We have reached a tentative agreement with the AMPTP. More details to follow. Thanks to all of you for your time, energy and commitment during this campaign.
"Please join us this Thursday May 4th at 8:00 pm at the Guild to hear about the deal. Negotiating committee leadership will discuss the process and answer your questions after meeting with the WGAW Board."
Letter to WGA 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."