The deal will go to a vote on Nov. 17, covering unions representing 10,000 workers at Disneyland.
An IATSE strike could bring Hollywood to a halt, but Disney World IATSE members work under a separate contract.
The agreement covers the 43,000 employees represented by the Service Trades Council Union coalition.
Universal team members will be paid a minimum of $15 per hour starting June 27, while Disney's own $15 base rate doesn't go into effect until October.
Blue Bayou will become the second location where the general public can buy booze inside Disneyland.
Guests were briefly being seated in every row at Universal's Bourne Stuntacular show.
Counties with major parks have seen dramatic increases in COVID-19 hospitalizations since early November.
The layoffs include both union and non-union workers across nearly every department of the Walt Disney World Resort.