Los Angeles, March 26 – The International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts (IATSE) and Alliance of Motion Picture and Television Producers (AMPTP) have not completed their negotiation for a new Hollywood Basic Agreement. The parties need additional time to review data before resuming talks at a later time. In the meantime, the parties will continue to maintain a formal news blackout. We will have no further comment at this time.