The Writers Guild of America has struck a new tentative deal with the Association of Motion Picture & Television Producers, according to the Hollywood Reporter. The three-year agreement, which would go into effect May 2, is to include a 3 percent wage increase each year, with an optional 0.5 percent diversion to pension and health contributions – exercised in the first year, for a net wage increase of 2.5 percent. Residuals bases will be increased, Basic Cable wage increases will be higher in the second season of a show, and streaming new media residuals will go up.
There is also an increase in the script publication fee from $5,000 to $10,000 and a reduction of hold periods shows can place on staff writers who are not currently working.
See the full details in the Hollywood Reporter article here.