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Streaming services may pay up to 30 percent more to production workers as part of the International Alliance of Theatrical Stage Employees’ (IATSE) deal with major Hollywood studios to avert a strike.
The union tweeted a document that specifically outlined the new streaming terms of the tentative Basic Agreement. According to the one-sheet, the new agreement would secure higher wages for episodic streaming productions, including longform miniseries with runtimes longer than 66 minutes.
Payouts on some miniseries could increase up to 30 percent, which will depend on how the project is classified. Longform productions that cost between $20 and $32 million, meanwhile, will no longer get a discount on account of the production heading to a…