DEAL REACHED: The Directors Guild of America and major Hollywood studios have reached a “historic” tentative agreement on a new three-year contract.
The directors guild and major Hollywood studios have reached a tentative agreement on a new three-year contract., the deal includes wage increases totaling 12% throughout the three years and provides a 76% increase in streaming residuals.
The tentative contract also states artificial intelligence is not a person, and cannot replace duties performed by members.5% wage increase in the first year of the contract, 4% in the second year and 3.5% in the third year.76% increase in foreign residuals for the largest platforms so that residuals for a one-hour episode will now be roughly $90,000 for the first three exhibition years.
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