SAG-AFTRA members have overwhelmingly voted to ratify a new $1 billion-a-year set of commercials contracts that the union says is valued at an additional $120 million for members over the three-year span of the contracts.The vote, which was 92,25% in favor, was in line with last month’s vote of the national board (93% in favor) to recommend membership ratification.
The new contracts were hammered out over an eight-week bargaining span with the Joint Policy Committee of the advertising industry.“We did it!” said SAG-AFTRA president Fran Drescher. “An overwhelming majority of members agreed on the new Commercials Contracts.
As we move into a digital age, bold moves and structural changes had to be made. Our amazing negotiating committee heard what members needed and delivered new contracts with more money for streaming, more contributions to the health plan, limitations on self-tape auditions, hair and makeup equity, intimacy protections and more.
These contracts create a baseline upon which to build a new future.”Duncan Crabtree-Ireland, the union’s national executive director and chief negotiator, said that “This bold new agreement reflects SAG-AFTRA’s multi-year approach to address the major shifts in the advertising industry and the growth of digital and streaming platforms.
Read more on deadline.com
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