The broker requested anonymity given the sensitivities of the labor situation, as did other sources.
What exactly those terms are, in dollars and cents, is not totally clear to him.
The actors contract with the Alliance of Motion Picture and Television Producers expires June 30.
A scene from A24/Apple’s 2023 release “Sharper” being filmed in 2021 in New York’s Washington Square Park.James Devaney/GC Images
Itsmembership approved a strike authorization on June 5.
A rep directed queries to the website, which gives some general guidelines for waivers.
It remains to be seen whether SAG-AFTRA will issue additional public guidelines.
Sources indicate that producers have been reaching out individually to request information and apply for waivers.
The first hurdle is to qualify as an independentproduction.
There can be no connection with any AMPTP company.
No connection at all, said one completion bond executive.
But if there is no connection to any AMPTP member, they will grant these interim agreements.
Waivers will require signatories to agree to whatever terms SAG-AFTRA and the AMPTP eventually agree on.
Payments for health and other benefits would also be higher by perhaps another 5%.
The terms of the eventual contract of course will determine the numbers going forward.
As far as I understand, you will get the waiver before the strike, said the producer.
But as far as I know, you have to agree to whatever the terms are, sight unseen.
But in most cases, Producers will agree to anything to get their movie made.
An independent film will say, Yeah, sure, where do I sign?'
and then figure it out later, said the insurance broker.
Producers urgently want to get their movies going, a producer agreed.
There doesnt appear to be a budget cap.
Producers then could bring SAG assurances to completion bond companies and financiers.
If they dont go on strike, it would just fall by the wayside.
It would give more certainty for producers, financiers, distributors.
They havent been willing to secure productions that skirted too close to SAG-AFTRAs June 30 contract expiration without waivers.
