UK Actors' Union Negotiations – London Deal Nears
In London, negotiations between the UK actors' union, Equity, and British film producers are nearing a crucial agreement. While specific details remain confidential, sources suggest substantial progress has been made, particularly concerning residual payments for studio films and a share of net profits from independent projects.
Recent discussions involved union representatives, leading actors, and their agents, with ongoing negotiations addressing remaining issues. Although a consensus was not reached during Tuesday’s meeting, officials are optimistic that a final decision will be made upon reconvening on Friday. The union’s leadership is generally supportive of the proposed terms, and it is expected that members will approve the agreement.
The latest offer from the Producers Alliance for Cinema and Television (PACT), representing British producers, is considered final. If rejected, further negotiations are unlikely, signaling the potential end of the current deadlock. Since the expiration of the previous contract on December 1, Equity has been effectively on strike, with no formal talks ongoing, although informal communications have led to this new proposal.
British actors are advocating for residuals similar to those received by American performers, with producers agreeing in principle but disputing the appropriate amount. The contention centers on the revenue from Hollywood films shot in the UK, with actors seeking a share of worldwide video income. Producers, however, aim to exclude earnings from North America and mainland Europe, which constitute roughly 70% of the global market.
Regarding independent films, both sides are closer to an agreement. Actors are set to receive a small percentage of the producers’ net profits, though many producers argue that they rarely see net profits at all, making such percentages less impactful for them.
Despite the ongoing dispute, filming continues on some major productions under interim arrangements, including the latest James Bond installment and the Harry Potter series. However, the uncertainty surrounding the labor dispute has begun to influence film production decisions, with some Hollywood studios considering relocating projects away from the UK.
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