SAG gets animated with deal – Guild draws tentative cable animation pact

A day after receiving strike authorization from members on its live-action basic cable contract, SAG reached a tentative deal on its animation cable contract.

SAG said Tuesday that the new 2½-year animation pact represents a 20% hike in residuals, based on the typical pattern for animated basic cable episodes of an initial run followed by an average of 25 repeats.

The two sides met informally Tuesday about the basic cable negotiations but cited a news blackout and disclosed no details. Formal bargaining’s expected to resume as early as today in Los Angeles.

Terms of the animation pact — the first improvement to the residuals formula in this contract in 16 years –are similar to the offer SAG recently spurned in basic cable.

Read the complete Gary McNary story on Variety.