AMPTP Statement on Ratification of the IATSE Hollywood Basic Agreement
Los Angeles, July 3, 2012 - The Alliance of Motion Picture and Television Producers today issued the following statement in response to the ratification of the IATSE Hollywood Basic Agreement:
"Ratification of the IATSE Hollywood Basic Agreement will put the Motion Picture Industry Health Plan on track to overcome its funding crisis as well as provide those working under that Agreement the same two percent (2%) annual wage increases as negotiated in all recent industry deals. The new contract is a critical step in keeping feature film and television production in Southern California as a vital part of the regional economy."