IATSE President Matthew Loeb warns a strike is possible if studios don’t address key issues like AI, streaming residuals, and burnout.

With contracts set to expire on July 31st, IATSE is gearing up for potentially heated negotiations with the AMPTP. Loeb emphasizes several key points:

• AI’s Impact: While not an existential threat, AI’s influence on IATSE jobs necessitates protections and could potentially benefit crews through increased efficiency.

• Streaming Residuals: Securing a sustainable funding stream for pension and health plans through residuals from streaming content is crucial.

• Improved Working Conditions: Building on past gains, IATSE will push for better turnaround times and meal penalties to combat member burnout.

• Collective Strength: Negotiating alongside the Hollywood Basic Crafts strengthens IATSE’s bargaining position and reflects a unified front.

• Strike as a Last Resort: Loeb emphasizes a desire for a fair deal but warns a strike authorization vote is a possibility if studios fail to address member concerns.

IATSE members, financially strained by inflation and long hours, are ready to fight for better security and working conditions. The studios’ response will determine if a potentially industry-crippling strike can be avoided.