Studio-Backed Union Contract Stands to Hurt Indie Producers
Friday, October 2, 2015
From The Hollywood Reporter:
Independent producers may find themselves paying more in residuals to
the pension and health fund of a key Hollywood union as a result of a new and
previously undisclosed provision of a deal ratified last
month, The Hollywood Reporter has learned.
The three-year contract, agreed to by IATSE, the labor union that
represents movie crew members, and the Alliance of Motion Picture and
Television Producers, revises the residual formula in a way that is not
expected to affect the major studios but could have a significant impact on
indie producers, who were not represented at the bargaining table but who will
have to live with the consequences of the agreement.
- Read the full article at HollywoodReporter.com