The Hollywood Basic Agreement is a contract between the Alliance of Motion Picture and Television Producers (AMPTP) and the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA), which outlines the terms and conditions for employment of actors in film, television, and new media industries.
The initial agreement was signed in 1960, and since then, has undergone numerous revisions to keep up with the changing needs of the industry. The latest version of the agreement, known as the 2017-2020 Hollywood Basic Agreement, was signed in 2017 after months of negotiations between the two parties.
The agreement sets minimum wage rates for actors, including overtime and meal penalties, and includes provisions for health and pension benefits. It also includes guidelines for working conditions, such as set safety and the number of hours an actor can work in a day.
One of the most significant changes in the 2017-2020 Hollywood Basic Agreement was the inclusion of new media. The agreement now covers streaming services like Netflix and Amazon, which have become increasingly popular in recent years.
The agreement also includes provisions for residuals, which are payments made to actors for the reuse of their work. Residuals are an important source of income for actors and are calculated based on factors such as the platform and distribution method.
As a professional, it is essential to note that the Hollywood Basic Agreement not only affects actors but also has implications for the entire entertainment industry. It is crucial for production companies and studios to comply with the terms outlined in the agreement to avoid potential legal disputes and negative publicity.
In conclusion, the Hollywood Basic Agreement is a vital document that governs the relationship between actors and production companies in the film and television industry. As the industry continues to evolve, the agreement will undoubtedly undergo further revisions to stay relevant and ensure fair treatment for all parties involved.