MPEG meaning in Business ?

The Motion Picture Editors Guild (MPEG; IATSE Local 700) is the guild that represents freelance and staff motion picture film and television editors and other post-production professionals and story analysts throughout the United States. The Motion Picture Editors Guild (Union Local 700) is a part of the 500 affiliated local unions of the International Alliance of Theatrical Stage Employees (IATSE), a national labor organization with 104,000-plus members. There are more than 6,000 members of the Editors Guild.

The MPEG negotiates collective bargaining agreements (union contracts) with producers and major motion picture movie studios and enforces existing agreements with employers involved in post-production. The MPEG provides assistance for securing better working conditions, including but salary, medical benefits, safety (particularly "turnaround time") and artistic (assignment of credit) concerns.