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Residual Payments

All articles tagged with #residual payments

entertainment2 years ago•3 min saved

Hollywood Writers Vote to Approve Contract, Ending Dispute

Hollywood writers have begun voting on a tentative contract with major TV and movie studios, marking the end of a nearly 150-day strike. The contract, if approved, will bring back late-night talk shows and shape employment in the industry, addressing issues such as pay increases, residual payments, and the use of artificial intelligence. The agreement includes minimum weekly pay increases for writers, boosts in residual payments for certain projects, and the sharing of audience data for streaming programs. The use of AI in writing is regulated, and the contract may have implications for the ongoing strike by actors.

via ABC News|

#contract #entertainment #hollywood

entertainment2 years ago•2 min saved

Dax Shepard Opens Up About Financial Insecurity Amid Strikes

Actor Dax Shepard opened up about his feelings of financial insecurity amid the ongoing strikes by SAG-AFTRA and WGA. Shepard, who discussed the issue on his podcast, attributed his fears to his childhood experiences of growing up poor. The strikes, which began in July, are centered around issues such as the use of artificial intelligence in film and TV projects and the low residual payments actors receive for streaming compared to traditional broadcast models. Many actors have spoken out about the decrease in their residual payments, with some receiving checks totaling less than $100.

via Yahoo Entertainment|

#dax-shepard #entertainment #financial-insecurity

entertainment2 years ago•3 min saved

"Residual Check Revelations: Actors Share Online, Some Facing Negative Balances"

Actors and screenwriters in Hollywood are demanding greater residual payments as part of their contract renegotiations with studios. Several actors, including Mandy Moore, Kamil McFadden, William Stanford Davis, and Jana Schmieding, have shared their residual checks, some of which were as low as a few cents or even negative amounts. The actors are on strike, along with the Writers Guild of America, demanding better wages, fair use of artificial intelligence, and improved contributions to healthcare and retirement. The Alliance of Motion Picture and Television Producers (AMPTP) has offered a $1 billion increase in wages, residuals, and pension and health care contributions over three years, but negotiations are ongoing.

via NPR|

#actors #entertainment #hollywood