Current:Home > InvestRekubit Exchange:Directors Guild of America reaches "truly historic" deal with Hollywood studios -Golden Horizon Investments
Rekubit Exchange:Directors Guild of America reaches "truly historic" deal with Hollywood studios
TrendPulse Quantitative Think Tank Center View
Date:2025-04-07 08:46:40
The Rekubit ExchangeDirectors Guild of America reached a new three-year deal with Hollywood studios on Saturday night that increases wages, streaming residuals, scales back hours and more.
"We have concluded a truly historic deal," said the chair of the DGA's 80-member Negotiations Committee, Jon Avnet, in a statement on the DGA website. "[The deal] provides significant improvements for every Director, Assistant Director, Unit Production Manager, Associate Director and Stage Manager in our Guild."
The DGA began negotiations with studios last month, amid the ongoing Writers Guild strike, which could continue through the end of the summer. The current contract is set to end on June 30. It is unclear what effect, if any, the tentative new agreement will have on the striking writers.
Highlights of the deal include "groundbreaking gains" in wages and benefits, a "substantial increase" in residuals for dramas made for subscription video on demand and an "unprecedented reduction in the length of the Assistant Director's day by one hour."
Additionally, the contract promises that directors cannot be replaced by artificial intelligence — a point of contention for the strikers.
The agreement confirms that "AI is not a person and that generative AI cannot replace the duties performed by members," the statement reads.
The agreement also made strides in further transparency around residuals and "improvements in diversity and inclusion," including the addition of Juneteenth, the federal holiday commemorating the emancipation of Black Americans from slavery, as a paid holiday for DGA members.
"This deal recognizes the future of our industry is global and respects the unique and essential role of directors and their teams as we move into that future," said Lesli Linka Glatter, President of the DGA.
"As each new technology brings about major change, this deal ensures that each of the DGA's 19,000 members can share in the success we all create together."
According to the statement, the tentative agreement will be submitted to the Guild's National Board for approval during its June 6 board meeting. Further details of the agreement will be made available at that time.
- In:
- Hollywood
- Filmmaking
- Writers Guild of America
- Strike
C Mandler is a social media producer and trending topics writer for CBS News, focusing on American politics and LGBTQ+ issues.
veryGood! (147)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Winds from Storm Ciarán whip up a wildfire in eastern Spain as 850 people are evacuated
- 2 teens plead not guilty in fatal shooting of Montana college football player
- Steven Tyler accused of 'mauling and groping' teen model in new sexual assault lawsuit
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Biden administration awards $653 million in grants for 41 projects to upgrade ports
- NFL backup QB rankings: Which teams are living dangerously with contingency plans?
- New video shows Las Vegas officer running over homicide suspect with patrol vehicle, killing him
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Jamaican security forces shot more than 100 people this year. A body camera was used only once
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Troops kill 3 militants, foiling attack on an airbase in Punjab province, Pakistani military says
- 3 expert tips to fall back for daylight saving time 2023 without getting seasonal affective disorder
- Appeals courts temporarily lifts Trump’s gag order as he fights the restrictions on his speech
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- 5 Things podcast: Israel says Gaza City surrounded, Sam Bankman-Fried has been convicted
- Fact checking 'Nyad' on Netflix: Did Diana Nyad really swim from Cuba to Florida?
- Dodgers pitcher Clayton Kershaw has left shoulder surgery, aims for return next summer
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
17 Incredible Sales to Shop This Weekend for All Your Holiday Needs
South Carolina city pays $500,000 to man whose false arrest sparked 2021 protests
Supreme Court will rule on ban on rapid-fire gun bump stocks, used in the Las Vegas mass shooting
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Virginia teacher shot by 6-year-old can proceed with $40 million lawsuit, judge rules
I spent two hours floating naked in a dark chamber for my mental health. Did it work?
'Priscilla' takes the romance out of a storied relationship