WGA ratifies CAA license agreement, ending protracted war – deadline

The WGA It was confirmed on Wednesday It has reached an agreement With C.A.A. For a new license agreement allowing guild members to return to the agency. “The WGA and the CAA have reached an agreement on a licensing agreement,” Guild told its members today. “Therefore, with immediate effect, the CAA may again be represented in writing services involving guild members. The WGA and the CAA have agreed to withdraw their legal claims against each other in federal court.”

This leaves WME as the last major company not to sign the Guild license agreement.

Speaking on the terms of the agreement, the Guild said today that the agreement “contains the same terms and conditions set forth in the ICM / UDA agreement and protects the authors from the three basic areas that the Guild emphasized from the beginning of the campaign.” :

• Contract, contract memo and invoice information will be provided to the Guild, which will allow WGA and the Agency to partner in the timely settlement of late pay and free work.
• Strict 20% limit on agency ownership of manufacturing companies.
• Sunset period to complete packaging process by June 30, 2022.

Read the full contract Here.

“Over the past several months, Guild said,“ the WGA, the CAA and its private shareholder TPG have been negotiating on the agency’s action on compliance with the license agreement (i.e., wiip waiver) and protections. Resolve unique interest conflicts provided by TPG under the ownership of CAP. There are three layers of extra protection for the writers negotiated in the side letter (read it in its entirety) Here).

Here is a brief summary of these additional terms:

“In accordance with the Licensing Agreement, the CAA and TPG placed their owners’ interests on the wipe in irrevocable blind trust, with a clear mandate from the Trustee to sell the interest at the required 20% or less. The letter of agreement provides a reasonable deadline for the sale of the CAA and TPG’s interest on deposit, and the WGA reserves the right to suspend the CAA’s ability to represent the authors, and the CAA may suspend any related charges or commissions received during the suspension period for serious consequences if the sale is not completed by that date. Keep it in Escrow. The Guild agrees to keep the date confidential so as not to jeopardize the trustee’s negotiations with potential buyers. ”

In a side letter, Guild said, “The CAA and no TPG jointly ensure no more than 20% ownership interest in any other subsidiary. In addition, TPG Funds, which owns the CAA, acknowledged that no more than 20% of the owners are interested in any subsidiary, regardless of whether the CAA is interested in that company.

“In the side letter there are precautions for situations involving TPG companies – i.e. investment funds – CAA has no interest in ownership but more than 20% interest in a manufacturing company. TPG agrees to disclose the identities of all such companies, going forward. Is only, and is not an MBA-signatory. The Guild will allow authors to ensure that the CAA negotiates appropriate contracts under the circumstances and that the owner’s interest in the TPG does not suppress the value of the services of the writers. -The depressed pilot script fee, for example, will have the necessary information for the Guild to inquire with the CAA and take necessary corrective action. ”

“We also appreciate the hard work of both the CAA and the TPG in implementing the critical issues in this negotiation,” Guild added.