Increase in pension insurance contributions The pension contribution to income subject to reporting will increase by 1.5% at the beginning of the agreement, from 8.5% to 10% for most income and from 7% to 8.5% for pilots and the first seasons of one-hour dramas. The Guild has the right to divert 1.25% (in total) from the various minimum increases in the second and third year of the contract, which could bring the total rate of pension contributions to 11.25% by May 2022. We thank you to all those who supported the negotiating objectives and this commission. Further details of the agreement will be released after WGAW`s Board of Directors and the WGAE Board have reviewed the agreement. 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. The agreement provides for higher payments for subscription video streaming services, known as SVOD, as well as reduced budget breaks in streaming and backtracking. Here are other free-lance contracts and agreements, z.B. the Low Budget Agreement, the New Media Sideletter and the Collaboration Agreements. Centrist returns that would have been very damaging if they had managed to get into the agreement,” the memo says. The MBA is the collective agreement that covers most of the work of WGA authors.
If you have any questions about the application or interpretation of the provisions, contact the Guild Contracts Department or call (323) 782-4501. 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. Tri-Guild Audit Program We have renewed funding for the tri-guild balance exam for the duration of the agreement. In April, the Directors Guild of America approved a three-year contract to succeed the DGA master`s contract for feature film and prime-time television. The agreement provides for increases in the residue of high-budget streaming content, pensions, salaries and TV creative rights. Once ratified, the agreement and minimum increases would expire retroactively to May 2, 2020 and May 1, 2023. The agreement expands the number of authors covered by margin protection measures negotiated for the first time in 2017.