Hollywood strike averted

A deal was cut over the weekend by the studios and Teamsters Local 399, which represents drivers. The union agreed to 2 percent annual pay hikes (it was looking for 3 percent), and in return concessions were given on travel pay and meal compensation. Union members had been scheduled to take a strike authorization vote this morning, with the existing contract expiring Aug. 1. Instead, the deal was ratified with a 97 percent in-favor vote. (The Wrap)



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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