SAG-AFTRA Board Approves Billion Dollar Commercials Agreement 

93% of SAG-AFTRA’s national board voted to ratify a new commercials agreement with the Joint Policy Committee, the body that represents commercial production companies and negotiates contracts with SAG-AFTRA at the end of each 3-year term. 

SAG-AFTRA’s board is urging its members to ratify this new agreement which will increase benefit contributions and wages by 5.55%, and several new provisions that will provide for a safer and more dignified workplace.  

The new agreement also addresses emerging streaming markets, promising to capitalize on the fast-growing form of digital distribution and standardizes methods for diversity, equity and inclusion. 

The last barrier to approval is a member vote. Members will begin receiving instructions to vote this week and must vote by 5 p.m. PST on May 5. Results are expected to be released that same day.  

For more information on the provisions in the agreement and what to expect from voters, read the full story at Deadline.