Backstage: The SAG-AFTRA national board of directors has approved a new film and television contract that is estimated to generate an additional $256 million for performers over a three-year period if ratified by the guild’s members.
A big win out of the negotiations is the tripling of residuals from shows that air on streaming platforms such as Netflix and Amazon. The contract also allows actors in these type of series to receive the residuals significantly earlier than before; it’ll be only 90 days instead of a year. The new formula delivers a 300 percent increase in residuals to performers within their first two years when their work is exhibited worldwide on Netflix, according to the union website.
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