The union has positioned the deal with the Alliance of Motion Picture and Television Producers as 'historic.'
The group, whose members include Christopher Nolan and Steven Spielberg, met on Tuesday prior to the broader membership getting full details of the pact on Wednesday.
The union reached its tentative deal with the Alliance of Motion Picture and Television Producers, which represents top entertainment companies in collective bargaining, close to midnight on Saturday after a full day of negotiations. The union has revealed a few characteristics of the agreement, including that it raises minimum rates by 5 percent in the first year of the contract, 4 percent in the second year and 3.5 percent in the third year.
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