Thursday, March 4, 2010

For Movie Stars, the Big Money Is Now Deferred

Used to be, actors made money even if the movie was a bust, or they only did a movie if the production company met their whopping fee. This article discusses that many actors are requesting a lesser fee than they did a few years back, and some actors are making 'guild-fees', which can be a minimum of $65,000USD, even if the movie was a great. Zoe Saldana and Sam Worthington from the hit movie 'Avatar' made much less than you suspect. Actors used to make money before the filmmaker got a profit from the film.

'The fashionable deal now is called “CB zero.” It stands for “cash-break zero,” and refers to an arrangement under which the star or filmmaker begins collecting a share of profits after the studio has reached the break-even point.'                          - http://www.nytimes.com/2010/03/04/movies/04stars.html

The film industry is affected by the economic situation and actors need to adjust to continue to work, otherwise they would lose their usefulness and newer, less known actors would probably get the roles. Not that that is a bad thing for them.

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