A message from AFM International President Ray Hair:
I am pleased to report that after years of false starts, interruptions, and delays, the Federation has reached a three-year deal with CBS, NBC, and ABC for a successor Television Videotape Agreement, subject to ratification.
Despite fierce resistance from the networks, we succeeded in obtaining a streaming residual when TV programs are exhibited on advertiser-supported (AVOD) streaming platforms. We also achieved annual wage increases and additional health and welfare contributions. The new AVOD residual is a fundamental, structural contract change that would not have been possible without the solidarity, activism, hard work, and enormous time investment of all involved in the negotiations, for which I am very thankful.
Though, as usual, there are some changes to the Plan, the Trustees have made every effort to help our participants retain their coverage for 2021, even as we continue to protect and preserve the financial future of the Trust for the coming years.
