The Town with Matthew Belloni
A War Is Coming Over Hollywood Pay
May 20, 2024
Bloomberg reporter Lucas Shaw joins the host to discuss the shift in Hollywood pay structures towards performance-based compensation on streaming platforms like Netflix and Apple. They debate the reasons behind this change, potential transparency issues, and the feasibility of this new model. The episode also includes predictions about Kevin Costner's 'Horizon: An American Saga' and Francis Ford Coppola's 'Megalopolis'.
32:28
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Quick takeaways
- Streamers like Netflix are shifting towards aligning pay with performance to balance production costs.
- Transparency issues arise as talent may lack visibility into metrics determining pay for success.
Deep dives
Changing Payment Models in Hollywood
Payment structures in Hollywood are evolving as streamers like Netflix, Apple, and Amazon seek to better align pay with performance. Traditionally, talent received large upfront payments that bought out their rights to future revenues, but this model is shifting towards bonuses or revenue cuts for success. This change aims to bring down production costs, leading to discussions on how to balance upfront pay with long-term success rewards, causing concern among talent agencies.
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