Friday, July 11, 2008

SAG Ponders Deal

Story by Home Media Magazine

Screen Actors Guild (SAG) leadership continued to mull over a contract proffered by The Alliance of Motion Picture and Television Producers (AMPTP) the evening of July 10.

The AMPTP’s final offer to SAG includes more than $250 million in additional compensation over the course of the three-year contract, as well as new-media terms. The current contract, which expired June 30, is still being recognized on an interim basis. Producers said they would make wage and salary increases outlined in their offer retroactive to July 1 if it is ratified by Aug. 15. Still, producers did not revise the DVD residual rate — a source of considerable consternation to SAG president Alan Rosenberg. The current DVD residual rate pays 3% for TV and 3.6% (movies) of the distributor’s gross receipts.  “We remain hopeful that SAG will accept our final offer,” the producers said in a statement.

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