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.
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