Low Budget Agreement Iatse

Tom Short, President of IATSE, said: “I hope that other segments of the industry will help IATSE management recognize the important contribution of independent producers to film production and employment by increasing the number of films that can benefit from “low-budget” processing. In these negotiations, our goal was to boost production and create jobs for our members, offering decent rates of pay, benefits and working conditions. I believe that this agreement achieves these objectives while respecting the flexibility of production desired by independent producers. In order to encourage theatre production by independent producers who felt that the current $7 million ceiling was no longer realistic, the low budget ceiling will immediately increase to $8.5 million and january 1, 2006 to more than $9 million. Additional budgetary flexibility is enabled by adjusting budgets to current final commitment requirements. The new agreement also recognises that budget production is necessary for business flexibility. In return, participating producers recognized that crews who are willing to work on low-income households should have appropriate working conditions and agreed to improve rest periods and meal conditions. Increases in wages and agreed contributions will reconcile wage rates with the cost of living and support the sustainability of health and pension plans for workers working on new low-budget productions. Every three years, iATSE and AMPTP ratify the IATSE Low Budget Theatrical Agreement. To help you prepare for budgeting, hire staff and discuss the benefits for your future productions, we`ve outlined the latest primary levels, salaries, marginal rates and position changes. IATSE Local 873 supports all filmmakers at all budget levels with highly qualified professional crews.

To do this, Local 873 has launched the IATSE 873 Independent Agreement. If you are an independent producer who has not signed an IATSE agreement, please contact Local Business Agent 873 to discuss your project and we will be happy to provide you with a copy of the agreement with staggered rates and tranches based on your project budget. The parties agreed to new budget steps to carefully organize the steps of the low-budget agreement so as not to jeopardize the agreements of the IATSE majors. The result reflects the economic realities in the independent world of production. Wages and benefits have increased in line with industry practices. New media provisions were introduced in the agreement. Several jurisdictional issues have been resolved to clarify the existing jurisdiction of IATSE. The low-budget theatre agreement is a three-year agreement managed by the IATSE International Office.