Breaking: WGA Tentative Deal Reached

Hallelujah!  Holy crap! Where’s the Tylenol?

Patric Verrone and Michael Winship have finally come out and said what everybody has been whispering:  there has been a tentative deal struck in negotiations between the WGA and the AMPTP.  Here is what the letter sent out early this morning in an email to the membership:

“We have a tentative deal.  It is an agreement that protects a future in which the Internet becomes the primary means of both content creation and delivery,” they said. “It creates formulas for revenue-based residuals in new media, provides access to deals and financial data to help us evaluate and enforce those formulas, and establishes the principle that, ‘When they get paid, we get paid.’”  

Key among the the agreement’s points of interest is the 2 percent of the distributor’s gross receipts that writers will receive when their TV/movie work is reused online.

Keep in mind, this is a fluid story – the membership will discuss these things today, and the boards will vote on whether or not to submit the agreement for a vote tomorrow, along with deciding whether or not to call of the strike before a vote.

Paging Hillary Clinton…I know America Ferrera has been invaluable to you, but it looks like we’re going to be needing her again for Ugly Betty!

Stay tuned, everybody…

Source: CBS Marketwatch