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Musicians, Studios Reach Tentative Deal on Contract With Streaming Residuals, AI Gains

Hollywood studios have reached a tentative deal with musicians on streaming and AI, including streaming residuals for musicians for the first time.

While AFM leadership said they could not comment on the exact details in the contract, they confirmed that the tentative deal language includes streaming residuals for musicians for the first time. “This agreement represents a major win for musicians who have long been under-compensated for their work in the digital age,” said AFM International President and Chief Negotiator Tino Gagliardi. The tentative agreement comes just ahead of the March 4 start date for negotiations between the AMPTP and the International Alliance of Theatrical Stage Employees and the Hollywood Teamsters.

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