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IATSE, Producers Announce New Low Budget Agreement

December 14, 2006 - New York - In a groundbreaking move, the IATSE has announced the successful conclusion of negotiations for a Low Budget Theatrical Motion Picture Agreement, covering production in both the United States and Canada.

The new three-year agreement increases monetary limits of the existing low budget agreement, and for the first time in history expands coverage to Canada.  The pact becomes effective January 1, 2007.

The first Low Budget Agreement was negotiated after Convention Delegates in 1995 granted the IATSE bargaining rights for motion picture production outside of established production centers.