The new agreement emphasizes that authors receive their fair share of the pie in the global video streaming industry. According to Bloomberg, streaming was estimated at $43 billion in 2019 and is expected to reach $125 billion by 2025. « Tv shows on TELEVISION and streaming platforms offer the most job opportunities for our members, » said the Guild`s negotiating committee. « Nevertheless, some trends in television production and consumption, particularly on streaming platforms, continue to weigh on writers` revenues. These include the transition to short seasons, uncertain publishing plans and the separation of the writing from the production itself. The perverse effect of this is that while the content we create, which is now distributed to hundreds of millions of viewers worldwide, has caused an explosion of profits in the industry, but the authors continue to fall. In 2014 and 2017, we began to address these issues. This work will continue in these negotiations. If you want to purchase a printed copy of the MBA or previous agreements or schedules, email Operations. The new agreement also provides for the abolition of the training of writers and new handovers of authors that under-rate screen and television minimums for newcomers, which have a disproportionate impact on under-represented groups; A new paid parental leave fund As well as increases in pension funds. Minimum Basic Agreement 2017 . 2014 Minimum Basic Agreement . 2011 Minimum Fundamental Agreement .
In June, the Screen Actors Guild American Federation of Television and Radio Artists, the entertainment industry`s largest union with 160,000 members, announced a preliminary agreement with a total package of $318 million over three years. It included improved streaming and syndication residues, as well as new policies on sexual harassment, nudity and sex scenes. The agreement expands the number of authors covered by margin protection measures negotiated for the first time in 2017. In total, according to the Guild, « these changes represent $86.85 million to offset approximately $80 million in projected cost increases over the next three years, which has achieved the solvency target for the health plan for the duration of the agreement and for some time. » The new agreement is retroactive to May 2. The previous contract ended on May 1, but negotiations were delayed due to the onset of coronavirus and the deadline was extended until June 30. The Basic Minimum Agreement (MBA) was renegotiated in 2017. This summary provides a simplified overview of the changes to the new agreement. Existing series and programs with licensing agreements that are in effect before May 2, 2017 will be crass in accordance with existing provisions, even if the letter is sent after May 2, 2017. If the entity changes the terms of the license agreement, the terms of HBSVOD 2017 apply.