Hollywood union has forged a new preliminary agreement with major studios that promises salary increases and sets boundaries for AI use in production, marking a major development in industry labor relations.
The International Alliance of Theatrical Stage Employees (IATSE), which includes diverse roles like lighting technicians and costume designers, is set to vote on this three-year contract proposed with the Alliance of Motion Picture and Television Producers (AMPTP).
The AMPTP represents prominent entities such as Walt Disney Co (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX), covering scale-rate pay increases planned over the duration of ...