Leaders of the Directors Guild of America have approved a three-year successor deal to the DGA master contract, triggering a ratification vote by the 18,000 members.
The DGA national board announced Saturday that it had approved the deal unanimously. The guild revealed that the agreement includes a significant increase in residuals for high-budget streaming content, pension, wages and TV creative rights.
“The future is what drives us, and that’s what you see in this agreement. As the streaming sea change we anticipated for so long is now overhauling the industry, and new services continue to enter the market, this pivotal deal boosting streaming residuals beyond traditional TV levels is a major victory for our members thanks to our negotiations co-chairs Jon Avnet and Todd Holland, and our fearless chief negotiator national executive director Russ Hollander,” said DGA president Thomas Schlamme.
The DGA obtained a nearly 50% increase in residuals for members working on original SVOD series, bringing the three-year residual for a 60-minute series on the highest subscriber SVOD services to more than $73,000.
“To put the accomplishment in perspective, when combined with the gains from the 2017 agreement, the residual is up nearly fivefold from under $15,000 in 2016, and exceeds the average residuals earned from all markets for the most popular network series,” the DGA said.
(Excerpt) Read more in: Variety