EXCLUSIVE: Economic gains contained in IATSE’s tentative agreement with the AMPTP for a new film and TV contract are expected to exceed half a billion dollars over the next three years.

To put those gains into context, last year, when SAG-AFTRA negotiated its new film and TV contract with the Alliance of Motion Picture and Television Producers, the actors union said that its deal contained a “record breaking” $318 million in gains for members.

IATSE’s new deal, however, is expected to top that figure in additional employer contributions to its pension and health plan alone. “For the term of the agreement,” IATSE says, “ongoing hourly contribution increases resulting in $370 million in new money over the three years of the contract. This will keep our Plans funded, with no reduction of benefits or increases to qualifications or premiums.”

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