A story of labor peace appears to be coming out of Hollywood. Actors unions and studios were at the bargaining table this weekend and emerged with a tentative new contract agreement.
The actors unions and the studios wanted to rewrite the storyline and change the ending from a couple of years back when failed contract negotiations led to the costly writers strike.
AFTRA and SAG reached the three year deal with studios. It gives actors 2 percent a year in raises. Union leaders say the big boost comes in the benefits. Studios will kick in an additional 10 percent to health insurance and pension funds.
The unions negotiated for nearly three months with the Alliance of Motion Picture and Television Producers. Talks went late into the night over the weekend.
Representatives of the unions and the studios issued brief statements but declined to be interviewed following the announcement Sunday. Details for the contract agreement were not released. The only mention of new media, for instance, is that unions will have expanded coverage in new media productions.
After approval by the union boards, the nearly 200,000 members have a chance to vote on the contract agreement.