WGA, AMPTP Reach New Three-Year Deal

Sorry, kids, but it often seems like every Guild-Producer negotiation ends with a white flag.

Sorry, kids, but  sometimes we think every Guild-Producer negotiation ends with a white flag.

Yeppers, that’s what the Hollywood Reporter is saying, and we all know it’s always right.

WGA members have either received or are about to receive an email with the details. Nobody at TVWriter™ has gotten theirs yet, but here’s what the Reporter is telling us to expect:

 the new three-year deal provides for 2% annual wage increases and a one-time 1.5% increase in employer contributions to the guild’s pension plan.

SAG, AFTRA and the DGA received 2% annual increases also, and a one-time increase in employer contributions to pension and/or health plans.

The writers’ deal also includes a 20% increase in pay TV residuals — i.e., the residuals payable when a pay TV show such as Showtime’s Dexter is rerun on pay TV. That gain is less dramatic than the percentage may suggest, however, since those residuals are a small, fixed amount, in contrast to more lucrative formulas provided in the directors and actors agreements.

Various concessions have also been made, but why depress ourselves now?

Read the Hollywood Reporter’s take HERE.