IATSE and Hollywood studios are set to return to negotiations on June 24 for a new deal on the Hollywood Basic Agreement and the Area Standards Agreement. The three-year contract talks are scheduled to conclude on June 27, following a brief pause in negotiations last week. Despite ongoing differences over wage increases and benefits, both parties have made progress on several issues. The current contracts for around 70,000 industry workers are set to expire on July 31, with no plans for extensions beyond that date. IATSE President Matt Loeb expressed optimism about reaching an agreement that members will support. As negotiations resume, the focus will be on ensuring fair compensation and working conditions for members of the various Hollywood labor unions involved. The outcome of these talks will have a significant impact on the future of the entertainment industry in Hollywood.