In a significant breakthrough for artists, the American Federation of Musicians (AFM) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative agreement on a new contract. This agreement marks a watershed moment for musicians, ensuring fair compensation and providing crucial protections in the digital age.
Residuals for Streaming Content and Protection Against AI Misuse
One of the key highlights of the agreement is the inclusion of residuals for made-for-streaming content. Musicians, who have long been under-compensated for their work in the digital realm, will now receive their fair share of streaming revenues. This acknowledgment of their contributions is a major victory for the AFM and its members.
Additionally, the contract includes critical provisions to guard against the misuse of artificial intelligence (AI). With the increasing use of AI in the entertainment industry, it is essential to ensure that musicians’ creative rights and artistic integrity are protected. The agreement sets important guidelines to prevent any exploitation or inappropriate use of AI technology.
Meaningful Wage Increases and Other Gains
Apart from residuals for streaming and AI protections, the contract also secures meaningful wage increases for musicians. Recognizing their indispensable role in creating the soundtracks for countless film and TV productions, this agreement acknowledges their value and provides them with the compensation they deserve.
A Victory for Artists
Tino Gagliardi, AFM International President and Chief Negotiator, expressed his excitement over the agreement, stating, “This agreement represents a major win for musicians who have long been under-compensated for their work in the digital age.” He further added, “We have secured historic breakthroughs in streaming residuals, established critical guardrails against the misuse of AI, gained meaningful wage increases, and other important gains.”
This contract agreement not only benefits musicians but also sets a precedent for fair and equitable compensation in the industry. It highlights the significance of the artists who create the captivating soundtracks that enhance our film and TV experiences.
Stay tuned for more updates on this groundbreaking contract agreement between the AFM and AMPTP.
Source Link: F5mag.com