Centrist returns that would have been very damaging if they had managed to get into the agreement,” the memo says. The agreement provides for higher payments for subscription video streaming services, known as SVOD, as well as reduced budget breaks in streaming and backtracking. Tri-Guild Audit Program We have renewed funding for the tri-guild balance exam for the duration of the agreement. The new agreement also provides for the abolition of the training of writers and new handovers of authors that under-rate screen and television minimums for newcomers, which have a disproportionate impact on under-represented groups; A new paid parental leave fund As well as increases in pension funds. In a July 1 memo to members of the Writers Guild, the organization`s Minimum Agreements Committee said it had unanimously approved a preliminary agreement with the AMPTP. The committee said the total package is estimated at more than $200 million over three years. Showrunner Training Program: We have reached an agreement to extend $250,000 in annual funding for the showrunner training program. Paid Parental Allowances In the 2017 agreement, we negotiated unpaid parental leave for the first time. Under the new agreement, effective from May 2021, writers who are entitled to guild health insurance are entitled to a paid allowance to help them give birth or adopt a new child or house a child in care. The payment is financed by an employer contribution of 0.5% on income beginning at the beginning of the contract. This benefit is coordinated with government benefits, if available.
The Fund will be managed by directors of the Health Fund, who will complete the details in the coming months. In addition, the new agreement provides additional protections for television authors in the area of options and exclusivity. Streaming series often have fewer episodes and a different work schedule than traditional network series, which can encourage writers to renew lower-perform contracts. In April, the Directors Guild of America approved a three-year contract to succeed the DGA master`s contract for feature film and prime-time television. The agreement provides for increases in the residue of high-budget streaming content, pensions, salaries and TV creative rights. For example, the purchase price of an original scenario from 2017 is as follows: the agreement expands the number of authors covered by the gap protection negotiated for the first time in 2017. Increase in pension insurance contributions The pension contribution to income subject to reporting will increase by 1.5% at the beginning of the agreement, from 8.5% to 10% for most income, and from 7% to 8.5% for pilots and the first seasons of one-hour dramas. The Guild has the right to divert 1.25% (in total) from the various minimum increases in the second and third year of the contract, which could bring the total rate of pension contributions to 11.25% by May 2022. The new agreement emphasizes that authors receive their fair share of the pie in the global video streaming industry. According to Bloomberg, streaming was estimated at $43 billion in 2019 and is expected to reach $125 billion by 2025. The sector has not been hit by a strike for more than a dozen years, when the WGA struck for 100 days in 2007/2008.
This time, a strike was virtually ruled out because of the work stoppage that was caused by the termination of the coronavirus. Following the agreement reached in the early hours of July 1, the WGA negotiating committee stated that “while the persistence of the global pandemic and economic uncertainty have limited our ability to exercise true collective power to achieve many other important and necessary treaty objectives, we remain committed to pursuing these goals in future negotiations.” If you want to purchase a printed copy of the MBA or previous agreements or schedules, email Operations. The 2017 MBA contains increased residues for HBSVOD programs when reused on the original SVOD service.