Los Angeles, Mar. 20 – The 15 Hollywood-based locals representing over 35,000 members of the IATSE working in motion picture and television production have ratified the new Hollywood Basic Agreement with the AMPTP. The three year contract, which will go into effect August 1, 2009, was tentatively proposed last November, with drafting completed last month.

At the time of the November negotiations, IA President Matthew D. Loeb stated, “This was a tough negotiation during tough economic times but both sides worked hard and negotiated reasonably to come to this agreement.”

After each of the 15 locals covered under the new contract ratified the agreement, Loeb added, “We have delivered a strong contract in a very chaotic economic climate. We feel we have given our members the best protection we can at a time when the bottom is falling out of a lot of traditional business models. We look forward to three years of labor stability and a commitment to keeping our members working.”

Terms and conditions of the agreement are in line with industry standards as established in recent negotiations and with applicable modifications for the particular needs of IATSE members.

For further information contact:
Katherine Orloff
IATSE Publicist
IATSE: 212-730-1770 ext. 150
Mobile: 240-477-3500
Email: iapr@mac.com