The International Alliance of Theatrical Stage Employees and the Association of Independent Commercial Producers have reached a deal for a new three-year successor agreement to their master contract.

The pact goes into effect on Oct. 1 and covers commercial production across the U.S. Thursday’s joint announcement said contract modifications include industry standard wage and benefit increases.

“Safety and training were prioritized by both parties, and the commercial agreement includes an increase in contributions to the IATSE Entertainment and Exhibition Industry Training Trust Fund (IATTF),” the union and the AICP said. “The IATTF will provide skills and safety training to technicians working on commercials throughout the industry.”

The IATSE bargaining committee consisted of reps from local unions from around the U.S. and was led by IATSE International President Matthew D. Loeb.

“We have achieved financial progress for our members and preserved labor stability in the production of commercials,” Loeb said. “Thousands of working people across the country will benefit from increases to wages, healthcare contributions, and pension gains when working on commercials.”

The AICP bargaining committee was comprised of commercial production companies and overseen by AICP President and CEO Matt Miller.

“I am delighted that the AICP and IATSE have been able to come together and address issues that help our industry stay competitive,” Miller said. “With the changing state of the industry, it is important that we are able to continue to employ experienced and trained IATSE members in the production crafts.”

IATSE represents more than 125,000 technicians and artisans working in the entertainment industry in the U.S. and Canada.