Actors take to the internet to show their residual checks, with some in the negative – Gist It

Actors take to the internet to show their residual checks, with some in the negative

Actors and screenwriters are demanding better residual payments in renegotiated Hollywood contracts, revealing their nominal or even negative residual checks online.

Residuals Explained: Residuals are long-term payments made to actors and other theater workers when a TV show or movie is rerun or aired after its original release.
* Mandy Moore, from NBC’s “This Is Us,” showed residual checks of a penny and 81 cents, while actor Kamil McFadden showed several negative residuals for his work on Disney’s “K.C. Undercover.”

The Strike: Both the Writers Guild of America and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) are currently striking against the Alliance of Motion Picture and Television Producers (AMPTP).
* They demand better wages, fair use of artificial intelligence, and better contributions to health care and retirement.

AMPTP Position: AMPTP countered that it had offered more than a $1 billion increase in wages, residuals, and pension contributions over a three-year period in negotiations with SAG-AFTRA.
* AMPTP also claimed to have offered a 22% increase in residuals for high-budget SVOD programs and a 76% increase in foreign residuals.
* However, AMPTP dismissed SAG-AFTRA’s proposal for revenue sharing, arguing that it was “completely illogical.”

Proposed Salary Increases: SAG-AFTRA requested an 11% increase in general wages in the first year of the contract, followed by 4% in each of the next two years.
* The AMPTP reportedly proposed increases of 5% in the first year, with 4% and 3.5% in the second and third years respectively.

View original article on NPR

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July 27, 2023

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