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News: General

Studio-Backed Union Contract Stands to Hurt Indie Producers

Friday, October 02, 2015  
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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



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