UPDATE #2: Directors Guild and AMPTP Reach Deal!

Oh, the WGA is quaking...

By: Brad Brevet
Published: Thursday, January 17th 2008 at 6:08 PM

UPDATE #2: The DGA is now reporting details:

The Directors Guild of America (DGA) announced today that it has concluded a tentative agreement on the terms of a new 3-year collective bargaining agreement with the Alliance of Motion Picture and Television Producers (AMPTP).

Highlights of the new agreement include:

• Increases in wages and residual bases for each year of the contract.
• DGA jurisdiction over programs produced for distribution on the Internet.
• New residuals formula for paid Internet downloads (electronic sell-through) that essentially doubles the rate currently paid by employers.
• Residual rates for ad-supported streaming and use of clips on the Internet.

Key new-media provisions appear substantial.

The agreement more than doubles the current residual on downloads of TV programming and boosts film residuals on downloads by 80%, officials said. A roughly $600 payment for ad-supported streaming kicks in after the first 17 days of streaming, followed by additional payments after 26 weeks totaling $1,200 for a year's worth of streaming.

Since the DGA site is pretty much getting slammed, you can see the full release here.

UPDATE #1: Apparently it is a tentative deal and word is that a group of moderate writers have been pushing in recent days for the leaders not to reject the DGA deal out of hand.

Variety has just sent over breaking news that the Directors Guild and the AMPTP have reached a contract deal.

As of right now there are no details as Variety says they will be updating as information trickles in. I will do the same with the article and designate updates in the headline as things progress.

Stick here for more as I am sure there will be reactions from the Writers Guild as well.

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