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The Town with Matthew Belloni
How Should Movie and TV Stars Be Paid?
Sep 30, 2024
Lucas Shaw, a Bloomberg journalist specializing in the entertainment industry, joins the conversation to dissect the evolving payment structures for actors in Hollywood. They explore the shift from upfront buyouts to back-end profit participation, particularly in the streaming era. Topics include the complexities of performance-based pay, challenges with content ownership, and the impact of recent mergers on compensation models. The duo also reflects on predictions for movies and summer concert tours, adding a lighthearted touch to the mix.
33:28
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Quick takeaways
- The compensation model for actors in Hollywood is shifting from guaranteed upfront payments to performance-based profit participation, impacting contract negotiations.
- The merger of DISH and Direct TV highlights the industry's trend toward consolidation as traditional pay TV faces challenges from streaming services.
Deep dives
Changing Landscape of Hollywood Compensation
The compensation structure in Hollywood is undergoing significant transformations, especially with the rise of streaming platforms like Apple and Netflix. Recently, Apple reportedly paid George Clooney and Brad Pitt $35 million upfront for their roles in 'Wolf's,' a figure that underscores the changing economics of star power in what is now considered a 'TV movie.' This buyout system allows stars to receive their usual fees without waiting for box office results, thus de-risking their involvement. However, this system poses challenges for studios as it can lead to considerable losses if projects fail to resonate with audiences.
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Discover
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