The contracts allow qualifying producers to continue production without regard to any uncertainty regarding upcoming negotiations between Screen Actors Guild and the Alliance of Motion Picture and Television Producers (AMPTP).
Under the terms of the Guaranteed Completion Contracts, the contracting producer must agree to abide by terms of any interim contract that SAG may offer and to become signatory to the successor agreement that results from the upcoming negotiations with the AMPTP.
Guaranteed Completion Contracts are only available to independent productions of theatrical motion pictures which have neither financing nor distribution deals with any AMPTP-represented studio or company. Interested producers must complete an application disclosing any financing, distribution or other arrangement with AMPTP-represented companies in order for SAG to determine whether the producer qualifies for the GCC. The contracts will be offered at the sole discretion of Screen Actors Guild.
The Guaranteed Completion Contract policy was approved by the Screen Actors Guild National Board of Directors at its October 27-28, 2007 plenary.
“We are pleased to offer Guaranteed Completion Contracts to independent movie producers, who are such an important source of employment for actors. These GCC’s will allow independent producers to continue their work and continue to generate job opportunities for our members even as AMPTP employers decide unilaterally whether or when to greenlight new theatrical productions,” said Doug Allen, SAG national executive director and chief negotiator.