SAG and the American Federation of Television and Radio Artists said early Wednesday that they have reached a tentative new three-year commercials contract.
In a statement, they said the AFTRA/SAG Joint Negotiating Committee has reached a unanimous tentative agreement with the Joint Policy Committee of the American Association of Advertising Agencies and the Association of National Advertisers for successor deals to the AFTRA Television and Radio Commercials Contracts and the SAG Television Commercials Contract.
The three-year deal is subject to approval by the SAG/AFTRA Joint National Board.
The agreement contains a more than $36 million increase in wage rates and other payments for all categories of performers in the first year of the contracts, they said.
It also includes about $21 million in increased contributions to the SAG Pension and Health Plan and the AFTRA Health and Retirement Fund and calls for the establishment of a payment structure for work made for the Internet and other new-media platforms.
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