'Editors Guild Unanimously Ratifies New Nickelodeon Contact' - Deadline
Portfolio Pulse from Benzinga Newsdesk
The Motion Picture Editors Guild has ratified a new four-year contract with Nickelodeon, ending a six-month negotiation process. The contract, which was approved unanimously, will affect approximately 70 post-production members of the guild. The agreement includes wage increases ranging from 9% to nearly 70% over the next year. The last contract with Nickelodeon expired on February 28, meaning the new agreement's wage increases are retroactive to March.
September 18, 2023 | 5:43 pm
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The new contract between the Motion Picture Editors Guild and Nickelodeon, a subsidiary of Paramount Global, could potentially lead to increased costs for the company due to the significant wage increases. However, the resolution of the labor dispute may also lead to smoother operations.
The new contract includes significant wage increases, which could lead to increased costs for Paramount Global. However, the resolution of the labor dispute could also lead to smoother operations and potentially increased productivity, which could offset some of these costs.
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