Entertainment
The action of the actors of equity grants an extension of the contributions in the middle of the economic fallout of the coronavirus
The union, which represents stakeholders and managers, has extended the traditional May deadline for spring dues until July 31, 2020.
Actors’ Equity joins the list of organizations that are extending payment deadlines as the entertainment industry faces rising unemployment amid the coronavirus epidemic.
The union, which represents more than 51,000 actors and managers, has extended the traditional May deadline for spring dues to July 31, 2020. The National Council of the Association of Equity Players, who made the decision , also agreed to forgive certain late payments: The late payment of the initiation fees and the membership fee will, from April 1, be forgiven until November 30, 2020. The spring membership fee is $ 87.
“I hope the changes to the board will help ease some of the burden on our members when the entire industry is essentially closed to business,” said Actors’s Equity Association president Kate Shindle in a statement. “That said, it is extremely important that anyone who can pay their basic dues do so as soon as possible – whether in whole or in part – to keep the union strong and help preserve our essential functions. Paying what you can will allow us to defend actors and stage managers right now at Congress. It will also strengthen our ability to continue negotiations with employers regarding the current regulations, as well as when the industry resumes production. “
This change marks the last way the organization seeks to provide financial relief to its members: on March 24, the organization launched an emergency fund to support actors in financial distress amid the coronavirus outbreak and has also waived its most recent quarterly premium for health care coverage. . And it follows in the wake of similar measures taken by the union colleagues SAG-AFTRA, which extended the subscription period and implemented a policy allowing members to pay in installments.
Since stakeholder equity is supported by taking a percentage of members’ earnings under stakeholder equity contracts and annual dues, she asks members who can pay their dues on time to do so in order to keep the union operational.
While full figures on unemployment in entertainment have yet to be released, the IATSE union estimated on March 18 that, so far, 120,000 member jobs have been lost due to the coronavirus. Companies like Disney, National Cinemedia, AMC Theaters and Cinemark, among others, have put workers on leave, while Paradigm, Lionsgate Film Group and Panavision have had or are planning to lay off workers.
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