Streamers Help Reignite Big Battles Over Film and TV Profit Participation

Streamers Help Reignite Big Battles Over Film and TV Profit Participation
The battle over how Hollywood studios share profit with talent and creatives has been raging since the invention of movies. The current tensions have ratcheted upward due to the advent of the streaming wars and the new business models the deep-pocketed players have developed. While Disney recently settled a compensation spat out of court with actor Scarlett Johansson after shifting her starring vehicle “Black Widow” out of theaters and onto its platform within days, the Writers Guild won a wider victory over the talent agencies last year, phasing out packaging fees and cutting agency interest stakes in affiliated production companies to just 20% going forward.

Attention around the means of rewarding talent further spiked thanks to a modestly priced South Korean series that stormed the world last fall with an initial 142 million viewers for Netflix (and still counting): “Squid Game.”

Series creator Hwang Dong-hyuk, when confronted with the leaked $891 million Netflix-generated revenue metric,
See full article at Variety »

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