Hollywood’s two major actors unions announced late Thursday they have agreed to a new contract with film and TV producers worth $200 million over three years, averting a production slowdown that could have started as early as this month.

The agreement, which still needs final approval, offers a 9 percent across-the-board minimum pay raise over three years for 140,000 performers, $60 million in increased producer contributions to health and pension plans, and increased residuals for performers on the WB and UPN networks and for actors in programs on pay television networks.

But actors will not gain a bigger share of studio DVD revenue, like they had hoped. By agreeing to the DVD terms, the actors have fallen into line with the industry’s directors and screenwriters. The studios, represented by the Alliance of Motion Picture and Television Producers, say DVD revenues are critical for maintaining their bottom lines in the face of rising production and marketing expenses.

The Screen Actors Guild and the American Federation of Television and Radio Artists had been in negotiations with the Alliance of Motion Picture and Television Producers since Dec. 6. The unions have nearly 200,000 members nationwide.