Getting Paid (Part 3 of 4)
Interchangable Terms: When negotiating a profit provision in a contract, the definition of profits must be well worded, clearly defined and negotiated very carefully. Net profits, gross profits, gross revenue, gross points, adjusted gross profits, adjusted net profits, producer net profits—these terms can necessitate extremely different calculations or very similar accountings, depending how they’re worded, […]
Getting Paid (Part 2 of 4)
Profit Participation on Lower Budgeted Films: Sometimes actors receive back end points if they are working below the SAG minimum and on a lower budgeted film. SAG has 3 alternatives for films budgeted under $2.5 million: Low, Modified Low and Ultra Low Budget Agreements. These agreements allow producers to pay less in up front fees, […]
Most Favored Nations (PART 2 OF 2)
Most Favored Nations or MFN is particularly useful for SAG Ultra Low and Modified Low Budget films, where the pay scale is considerably reduced from the SAG Basic Agreement day/weekly rates. If my client is only getting $100/day on a SAG Ultra Low Budget project (a film budgeted for under $200,000), I want to ensure […]
Do Actors Need Attorneys?
Since this is my first blog for TAN, I want to start generally as an introduction to contracts in the acting profession. As a general rule, it’s best not to sign ANY contract unless you have an attorney reviewing the contract and/or you understand EVERY word in the contract and the risks and consequences of […]