Money Matters - Simplified

Producers, directors reach tentative deal

Los Angeles -- The Alliance of Motion Picture and Television Producers says it has reached a tentative agreement with the Directors Guild of America on a new contract.

The three-year collective bargaining pact concerns a new TV/theatrical contract between the two parties, the AMPTP said in a statement Tuesday.

"These early talks allowed us to bridge the gaps created by uncertain economic times and deliver increases in areas critical to DGA members," the statement said.

Negotiations, which began Nov. 16, concluded Tuesday afternoon.

The guild said details of the tentative agreement will be released once the pact has been submitted to the guild's national board for approval at a special board meeting Wednesday.

The guild's current contract for television expires June 30.

Copyright 2010 United Press International, Inc. (UPI).

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