The union that represents thousands of movie and television directors reached a tentative agreement with the Hollywood studios on a three-year contract early Sunday morning, a deal that ensures labor peace with one major guild as the writers’ strike enters its sixth week.The Directors Guild of America announced in a statement overnight that it had made “unprecedented gains,” including improvements in wages and streaming residuals (a type of royalty), as well as guardrails around artificial intelligence.“We have concluded a truly historic deal,” Jon Avnet, the chair of the D.G.A.’s negotiating committee, said in the statement. “It provides significant improvements for every director, assistant director, unit production manager, associate director and stage manager in our guild.”The deal prevents the doomsday Hollywood scenario of three major unions striking simultaneously. On Wed …
Browse
Business Central
Accelerate growth with 1BusinessWorld's Global Business Profile
Sign up for free or use coupon code 1BW50 for 50% discount on your subscription
Sign up nowLatest Business News
- Precision Medicine in Women’s Health: Beyond Traditional Boundaries (12/4/2024) - Power Players in Precision Medicine At the forefront of a… Read more...
- Democratizing Commerce: A Powerful Vision for Shared Prosperity (12/3/2024) - Empowering Small Businesses, Driving Wealth Creation, and Building a Collaborative… Read more...
- Safeguarding the Future: How AI is Transforming Homeland Security and Redefining Resilience (12/2/2024) - AI and Homeland Security: Navigating the Intersection of Opportunity and… Read more...
- Global Tourism Reimagined: Building Bridges for a Brighter Future (12/1/2024) - Building Bridges in the New Era: Annette Cardenas Advances Global… Read more...
- Leadership at Sea: The Art of Curating Unforgettable Journeys (11/24/2024) - Lisa Bauer Redefines Excellence Through a People-Driven Vision for Cruise… Read more...
- The Critical Role of Psychological Safety in Business Success (11/21/2024) - How Creating Cultures of Rewarded Vulnerability Unlocks Innovation, Engagement, and… Read more...