Movies | April 04, 2009 | 0 comments

Commercial actors reach tentative contract with advertisers

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"After an all-night bargaining session, unions representing Hollywood's actors reached a tentative agreement with advertisers early Wednesday on a new contract covering work in commercials.

The proposed three-year agreement, which was widely anticipated, provides a 5% pay increase, contains about $21 million in increased contributions to union health and pension plans and, for the first time, establishes a pay structure for work made for the Internet and other new media, according to the Screen Actors Guild and the American Federation of Television and Radio Artists.

Additionally, the compact preserves for now the traditional method of paying residuals for commercials."
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