AFTRA, Networks Reach New Three Year Deal

AFTRA and the television networks reached agreement on a new three-year contract today, with the new pact featuring now-standard 2% annual wage increases and an unusually large 1% increase in employer contributions to health and retirement.

Notably, the union achieved the H&R increase without employers taking a bite out of the annual wage increase. Usually, a tradeoff between the two is required, which could have reduced one or more of the annual increases to a politically unpalatable 1-1/2% level. An AFTRA statement confirmed the issues’ importance, calling the 1% increase the union’s “primary objective” in the bargaining.

Details: The Hollywood Reporter.

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Health and Retirement are the Hangup in AFTRA Netcode Negotiations (Exclusive)

AFTRA’s negotiations with the networks and television producers resume this week and the big issue, according to a source close to the process, is the same one that’s bedeviled Hollywood labor for the past several years: health and retirement.

Negotiations began November 7 under a press blackout, but haven’t produced a deal yet. The contract under negotiation – AFTRA’s Network Code, colloquially referred to as the “front of book” – is the union’s largest, and generates more than $250 million a year in member earnings. It covers programs in all television day parts, except scripted network primetime and scripted basic cable.

The emphasis on health and retirement is probably heightened by the dynamic of SAG-AFTRA merger.

Details: The Hollywood Reporter.

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Check out my book “Hollywood on Strike!,” available on Amazon (also in a Kindle edition). Subscribe to my blog (jhandel.com) for more about entertainment law and digital media law. Check out my residuals chart there too. Go to the blog itself to subscribe via RSS or email. Or, follow me on Twitter, friend me on Facebook, or subscribe to my Forbes.com or Huffington Post articles. If you work in tech, take a look at my book How to Write LOIs and Term Sheets.