Hollywood Unions Ratify New Three-Year Contracts with Major Studios

The agreements include significant wage increases, enhanced benefits, and improved working conditions for nearly 8,000 crew members.

Teamsters Local 399 and other Basic Crafts unions achieved over 92% approval on new contracts.
Wage increases are set at 7% for the first year, with subsequent annual increases of 4% and 3.5%.
The contracts include better pension and health benefits, and new safety measures.
Negotiations were intense, with agreements reached just before the previous contracts expired.
The ratification prevents another potential industry-wide shutdown and stabilizes Hollywood production.