November 08, 2010 04:36:24 GMT
Actors union and major studios announced on Sunday, November 7 that they had reached a three-year contract averting the kind of strike that paralyzed the U.S. entertainment industry.
Officials at Hollywood's leading actors union have agreed a new deal with the major studios to avoid upcoming strike action. The agreement ends six weeks of tense negotiations between officials at the Screen Actors Guild and the American Federation of Television and Radio Artists and film and TV executives, and provides pay raises in line with what the studios offered other unions, and an increase in contributions to health and pension plans.
The deal means Hollywood is no longer facing a stand-off that brought Tinseltown to a halt in 2008 when writers went on strike.
"The deals offer increases in benefit contributions, wages and other areas critical to working performers while being responsive to the current challenges facing feature film and television producers. The early agreements also ensure that production can continue without disruption for everyone who depends on this industry," the Alliance of Motion Picture & Television Producers said in a statement.