American Federation of Musicians Ratifies New Deal With Studios

deadline.com:

The American Federation of Musicians officially has a new deal with the studios. The union’s members have ratified the Basic Theatrical Motion Picture and Basic Television Motion Picture Agreements contract, which was unanimously recommended by the bargaining committee in February, the AFM announced Tuesday. “This agreement is a monumental victory for musicians who have long been under-compensated for their work in the digital age,” AFM International President and Chief Negotiator Tino Gagliardi said in a statement. “It wouldn’t have been possible without our members’ unwavering strength and unity, along with the tireless organizing efforts that led up to this historic contract.

Their dedication was instrumental in achieving a favorable agreement after just 12 days of negotiations.” The AFM also revealed some of the details of the new agreement, which it called “groundbreaking” for its members.

Many of those advancements in the contract focus on streaming compensation and protection against artificial intelligence — an increasingly familiar tune in Hollywood labor negotiations.

Here’s what the AFM said about those additions to the contract: The AFM did not provide any further detail at this time about how the streaming residuals or performance bonus will operate, nor the specific language around the AI protections.