Iatse Low Budget Agreement 2020

by on Sep.23, 2021, under Uncategorized

The IATSE Local 873 Term Agreement is a binding agreement between Local 873 and major Hollywood studios, represented by the Alliance of Motion Picture and Television Producers (AMPTP). The agreement is negotiated every three years. A considerable number of independent production companies throughout North America that have signed other IATSE agreements are also required to work under this agreement when they enter our jurisdiction. The vast majority of Local 873`s U.S. service work is covered by the Local 873 Term Agreement. Every three years, IATSE and AMPTP ratify the IATSE Low Budget Theatrical Agreement. To help you prepare for budgeting, crew hiring, and discuss the benefits for your future productions, we`ve outlined the latest changes at the primary level, salary, marginal rate, and positions. Tom Short, President of IATSE, said: “I hope that other segments of the sector will help IATSE management to recognise the important contribution of independent producers to film production and employment by increasing the number of films likely to qualify for `low-budget` treatment. Our objective in these negotiations was to stimulate production and create jobs for our members, who offer decent wage rates, social benefits and working conditions. I believe that this agreement achieves these objectives while fulfilling the production flexibility sought by independent producers. The Low Budget Theatrical Agreement is a three-year contract managed by the IATSE International Office. The contract specifically covers low-budget independent theatre productions with budgets of less than $12 million. The new agreement continues to recognise the need for smaller-budget productions for the company`s flexible flexibility.

In return, participating producers recognized that crews willing to work on low-budget productions should have adequate working conditions and agreed to improve rest periods and meal regimes. Agreed increases in salaries and benefit contributions will help reconcile wage rates with the cost of living and support the sustainability of health and retirement plans for employees working on new low-budget productions. The parties made efforts to adjust the stages of the low-budget agreement so as not to undermine the agreements of the IATSE majors and approved new budgetary steps. The result reflects the economic realities of the world of independent production. As regards wages and social benefits, increases in line with sectoral practices were recorded. New provisions on the media have been added to the agreement. Several jurisdictional issues have been resolved in order to clarify the existing jurisdiction of IATSE. IATSE Local 873 supports all filmmakers at every budget level with highly qualified professional crews. To do this, Local 873 created the IATSE 873 Independent Agreement.

If you are an independent producer who has not signed IATSE agreements, please contact the local 873 business agent to discuss your project and we will gladly provide you with a copy of the agreement with differentiated rates and margins based on your project budget. The IATSE negotiating team was led by Vice President Matthew Loeb, with the support of IATSE Locals representatives from a number of geographies….

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