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IATSE Ratifies New Three-Year Deal, Despite AI Worries
IATSE members voted to ratify the Hollywood Basic, Videotape and Area Standard Agreements, despite concerns about artificial intelligence.
IATSE members have voted to ratify their contracts with the major studios, calming fears of another industry shutdown so soon after last year’s double strikes, and bringing the hope that this will result in an uptick in work amid a continued slowdown. The contracts also include new streaming residuals to address a $670 million shortfall in the pension and health plans, which are largely funded by hourly contributions and thus took a hit due to last year’s six-month work stoppage. The Area Standards Agreement covers roughly 20,000 film and TV workers across 23 local unions across the United States in cities other than Los Angeles, San Francisco, New York, and Chicago.
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