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The 3 A.M. Handshake: How the American Federation of Musicians and AMPTP Came to Terms on Streaming Residuals and AI Protections
The handshake agreement came at 3 a.m. How the American Federation of Musicians and Hollywood studios came to terms on streaming residuals and AI.
But the real breakthrough in the negotiation between the American Federation of Musicians and Hollywood’s major studios came in the afternoon of Feb. 22 — after AFM president Tino Gagliardi called in reinforcements to the conference rooms at AMPTP headquarters, famously located on the former site of the Sherman Oaks Galleria. For AFM, the biggest hurdle to overcome was getting AMPTP companies to grant musicians a residual payment for their work on scores and soundtracks for TV programs and movies produced for streaming platforms. Morever, the AFM secured the “performance bonuses” along the lines of the WGA, SAG-AFTRA and the Directors Guild of America that generate additional payments on popular series that hit pre-determined viewership benchmarks.
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