IATSE and AMPTP Close to Deal to Avert Crippling Hollywood Strike (EXCLUSIVE)

Negotiators for IATSE and Hollywood’s major studios are closing in on a deal that would avert a strike that threatened to shutter most film and TV production in Hollywood.

Industry sources said virtual negotiations between the sides went late into Friday night as Carol Lombardini, president of the Alliance of Motion Picture and Television Producers bargaining organization for the major studios, addressed numerous IATSE leaders about the details of deals on thorny issues of working conditions that were sorted through in the marathon sessions.

Industry sources cited Walt Disney Television chief Peter Rice and veteran industry lawyer Ken Ziffren as key players who helped Lombardini bridge the gap during the past few days. Sources said Lombardini and Loeb both knuckled down on key items list with a mutual understanding that a strike would cripple the industry that is only now starting to recover from the shock of COVID.

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