The Animation Guild has reached tentative agreement on a new three-year master contract.

If ratified, the labor contract will run from Aug. 1 to July 31, 2015.

Deal was negotiated with animation producers represented by the Alliance of Motion Picture and Television Producers and reps of Local 839 of the Intl. Alliance of Theatrical and Stage Employees.

The contract matches the IATSE Basic tentative deal reached in April. It calls for 2% annual compounded wage increases, with health, pension and IAP benefits provided under the terms of the IATSE Basic Agreement currently awaiting a ratification vote.

Local 839 said other provisions of the new agreement include a new storyboard revisionist classification and changes to the talent development program and the DreamWorks Animation wage minimums.

The employers with which the guild reached agreement include ABC, Adelaide (Sony), Animated Prods. (Paramount), Cartoon Network, Cast & Crew Payroll, CBS, Columbia, DeLuxe Laboratories, DreamWorks Animation, Entertainment Partners, FPS Services, Fox TV Animation, Legendary, MGM Animation, Muddy Water, NBC Universal, PES Payroll, Turner Films, Walt Disney Pictures and Warner Bros. Animation.

Deal covers 2,800 artists, writers and technicians employed in the animation industry.

The guild’s negotiation committee has recommended the contract to its membership for ratification.

The AMPTP said in a statement, “Both sides worked through some difficult issues to reach an agreement that gives members of the Animation Guild the same benefits package and 2% annual wage increase as recently negotiated in the IATSE Hollywood Basic Agreement. The tentative agreement is another important step in strengthening the health plan relied on by IATSE members and their families.”

Deal was reached early Wednesday after talks resumed on Tuesday. Negotiations had broken down in mid-April after three days of talks.