AFTRA, record companies in harmony
EmptyNEW YORK -- AFTRA has reached a tentative agreement with record labels on the AFTRA Sound Recordings Code. The national contract covers royalty artists and session singers who work with the more than 1,200 record companies, including the four major labels. The agreement includes wage increases for union session performers, improvements in health and pension coverage for royalty artists and a new formula for compensation on digital downloads.
Complete details of the tentative agreement will not be released until the terms are presented to the AFTRA National Board's administrative committee for its approval prior to membership ratification. In addition to covering popular music, the code covers classical recordings, Broadway cast albums, spoken word recordings and audio books.