The American Federation of Musicians and the Alliance of Motion Picture & Television Producers have struck a deal to extend their labor contract. The pact was reached Friday and announced tonight.

afm logoThe deal calls for across-the-board wage increases of 2% per year for all classifications of employment and also allows up to four minutes of clip use in films produced abroad. Payments were increased by 33% for 30-second clip use increments in excess of two minutes. Also, wage and benefit payments for sideline musicians engaged in high-budget VOD productions to rise to existing standards found in the contract.

“I am pleased that an agreement has been reached that preserves the fundamental economic and residual structures of our film agreements,” AFM International President Ray Hair said. “That we were able to hold the line and bargain progressive increases is a tribute to our negotiating team of international and local officers from New York, Nashville and Los Angeles, together with rank-and-file representatives.”

The AFM represents more than 90,000 professional musicians, arrangers, copyists, leaders, conductors, and sideline musicians. Pending ratification, the Motion Picture and Television Film Labor Agreements and Secondary Markets Fund Agreements will run through April 2018.