AMPTP and IATSE Agree on New Three-Year Contract
Los Angeles, April 13, 2012 - The Alliance of Motion Picture and Television Producers (AMPTP) announced today that it has reached a tentative agreement with the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts (IATSE) on terms of a new Hollywood Basic Agreement. In response to the tentative agreement, the AMPTP issued the following statement:
"We understand how important health and pension benefits are to Hollywood crew members and their families and the risk posed by the projected shortfall in funding those benefits. We worked diligently with IATSE to resolve the funding crisis and keep these plans financially sound and a vital resource for participants."