British actors union Equity has reached an agreement with Eon Productions, allowing the next James Bond film to proceed despite ongoing labor disputes within the U.K. film industry. This new deal could serve as a model for Equity's discussions with the Producers Alliance for Cinema and Television (PACT).
Since the start of the year, both parties have been engaged in negotiations over residual payments for Equity members. These members have withheld their services from most U.K. productions, with only a few films proceeding under special interim agreements. According to an Equity spokesperson, the members strongly rejected PACT’s latest proposals, favoring instead a structure similar to the one agreed upon with Eon, which includes set percentages for residuals and upfront payments.
PACT's recent offer involves profit-sharing or residuals on TV, video, and DVD sales in specific territories, but only after certain financial benchmarks are met. Equity has not yet formally responded to this proposal, but a spokesperson indicated that accepting these terms would be "unthinkable."
PACT proposed separate arrangements for independent and studio productions. A key issue with the studio model was the exclusion of North America and Europe from secondary payment regions, while concerns were raised that the indie model might not provide sufficient compensation. A PACT representative stated that they have made significant concessions towards Equity's demands, but the viability of the Eon agreement as a standard for the entire industry remains uncertain.
The upcoming 20th James Bond film is among seven projects, including the Harry Potter sequel and Stephen Frears' "Dirty Pretty Things," that have signed up under Equity's interim contracts. To date, no films have been halted due to the dispute.
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