SAG-AFTRA extends $ 1 billion advertising contracts to allow more time to negotiate with the advertising industry

SAG-AFTRA extends $ 1 billion advertising contracts to allow more time to negotiate with the advertising industry

With their advertising contracts expiring tonight, SAG-AFTRA and the Joint Advertising Industry Policy Committee have agreed to extend them on a daily basis to allow negotiations to continue.

“During this period,” the union said, “all terms and conditions of the 2019 commercial agreements will continue, including waivers and provisions that might otherwise be entered into.” The parties will continue negotiations, remaining under the media blockade. “.

The talks, which began February 16 in New York City, include numerous contracts that generate approximately $ 1 billion annually for union members.

Entering the negotiations, SAG-AFTRA National Executive Director Duncan Crabtree-Ireland said: “Negotiating solid contracts is key to our success as an association and ensuring job growth within our advertising contracts is a priority for SAG- AFTRA. AFTRA “.

SAG-AFTRA president Fran Drescher said at the time that he was “very impressed by the dedication and intellect of the negotiating committee, which painlessly put together this package of proposals that truly meets the needs of commercial actors and pushes the needle forward. .

Source: Deadline

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