Advertisement
UK markets close in 3 hours 47 minutes

  • FTSE 100

    8,089.75
    +49.37 (+0.61%)
     

  • FTSE 250

    19,710.99
    -8.38 (-0.04%)
     

  • AIM

    755.26
    +0.57 (+0.08%)
     

  • GBP/EUR

    1.1669
    +0.0024 (+0.21%)
     

  • GBP/USD

    1.2511
    +0.0049 (+0.39%)
     

  • Bitcoin GBP

    51,040.25
    -2,150.29 (-4.04%)
     

  • CMC Crypto 200

    1,356.29
    -26.28 (-1.90%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.99
    +0.18 (+0.22%)
     

  • GOLD FUTURES

    2,340.10
    +1.70 (+0.07%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,954.85
    -133.85 (-0.74%)
     

  • CAC 40

    8,012.28
    -79.58 (-0.98%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Hollywood Weighs Pros And Cons Of New IATSE Contract As More Details Emerge – Update

Matt Grobar
·8-min read

Refresh for updates…Early exuberance in Hollywood surrounding news of a new IATSE contract has dimmed somewhat, as more details about the deal negotiated with the AMPTP have emerged.

Among those walking back or contextualizing their initial reactions was Adam McKay, who copped to deleting a Tweet congratulating IATSE on their new deal. “I posted it an hour after the news broke and am now aware there were concessions that weren’t so great,” the Oscar-winning filmmaker wrote. “Yet another example of the golden rule: “take a beat before reacting.””

More from Deadline

ADVERTISEMENT

Yvette Nicole Brown also reacted to the IATSE news Saturday evening, initially tweeting “#UnionStrong!”, along with emojis depicting a raised fist and heart.

“And let me add,” the Emmy-nominated actor and comic later wrote, “I’m excited if @IATSE members are excited. This is their new contract potentially. They get to decide if what’s being offered is what they need to feel safe, well-paid and respected.”

Writer-producer Gennefer Gross originally tweeted: “Congrats to the #IATSE for striking a deal! This is what happens when you stand united for fairness and equality in an industry that far too often puts profit over people. Thank an assistant or crew member today for their tireless efforts and let’s go make some art! #IASolidarity.”

Later, however, she elaborated on her remarks. “IATSE members are saying this deal does not meet critical demands, so it may not be time to celebrate just yet,” she wrote. “But I’m hoping this is a starting point that shows a willingness to resolve the issues in good faith, and that it can be revised and ratified in time to avoid a strike.”

New York Governor Kathy Hochul praised the deal. “Earlier today, I spoke to union leadership at IATSE to express my support for their advocacy for working people in the entertainment industry, and I am pleased that IATSE and AMPTP reached a tentative agreement that is fair to workers and protects the good-paying middle class jobs this sector creates. The film and television industry is a crucial part of New York, generating tens of thousands of jobs and billions of dollars in economic activity. Together, we’ll continue New York’s recovery from the pandemic and make sure working families can continue to thrive in this state.”

See all reactions and full statements below.

Hollywood had been on edge for weeks, leading up to today’s announcement of an agreement between the IATSE and AMPTP, surrounding a new, three-year film and TV contract. The two sides had been talking, on and off, since mid-May; the contract agreed upon must now be ratified by the union’s members.

Deadline will share more reactions as they come in…

“The DGA applauds the conclusion of IATSE’s negotiations with the AMPTP. The IATSE took an important stand on quality-of-life and living wage issues, and achieved a strong contract with meaningful improvements for its members. We congratulate IATSE President Matt Loeb and the negotiating committee on their success in advancing the rights of their members.” — Directors Guild of America President Lesli Linka Glatter

“We are pleased and relieved that the two sides were able to reach an agreement and that a strike was averted, but there was always more at stake here than an industry shutdown. All workers deserve safe working conditions and fair wages, and this outcome once again demonstrates the power of unity. We are proud of what our fellow union members have achieved.” – SAG-AFTRA national executive director Duncan Crabtree-Ireland

<img class=" wp-image-1234857151" src="https://deadline.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-16-at-6.01.09-PM.png?w=297&quot; alt=" - Credit: Loni Love/Twitter" width="503" height="81" srcset="https://deadline.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-16-at-6.01.09-PM.png 297w, https://deadline.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-16-at-6.01.09-PM.png?resize=150,24 150w, https://deadline.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-16-at-6.01.09-PM.png?resize=60,10 60w, https://deadline.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-16-at-6.01.09-PM.png?resize=110,18 110w, https://deadline.com/wp-content/uploads/2021/10/Screen-Shot-2021-10-16-at-6.01.09-PM.png?resize=285,46 285w" sizes="(max-width: 503px) 100vw, 503px" />Loni Love/Twitter

Best of Deadline

Sign up for Deadline's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.