After three days of bargaining, the American Federation of Musicians and administration’s AMPTP have agreed to increase their present movie and TV contract till Nov. 14.
The settlement comes after failing to succeed in a deal on the union’s key demand – residuals from streaming reveals. Actors, writers and administrators obtain streaming residuals, however musicians don’t.
“Musicians who work in the television, film and sound recording industries have always participated in traditional media revenue streams that continue to enrich those who exploit our music long after we create it,” Hair mentioned. “The new media streaming proposals offered by the film studios in the current round of negotiations were not a fair bargain and were unacceptable.”
The contract extension offers for a 2% increase in present wages, and persevering with the phrases and circumstances of the present settlement to Nov. 14, 2019. “We will continue our discussions with the film industry in November toward fairness in new media for our members and their families,” Hair mentioned. Until then, the union mentioned, musicians will likely be “ramping up efforts to win a fair contract.”