Entertainment NewsNetflix to Pay Bonuses to Talent When Movies Are A Success

Netflix to Pay Bonuses to Talent When Movies Are A Success

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Netflix is planning to pay bonuses to talent if their movie is a success

As we previously reported, the streaming wars are changing the way Hollywood negotiates deals with talent. Now, Netflix is planning to pay bonuses to filmmakers when productions are a hit.

According to Bloomberg, Netflix is planning to pay actors, filmmakers, and producers a bonus if their films are successful. The monetary incentive is new and directed at landing projects that may otherwise go to Netflix’s competitors.

But it begs the question – what is considered a successful project on Netflix. Bloomberg suggests it could range from project to project, but there may be an incentive if a production wins an awards or how many viewers the production has.

Bonuses are a new business model for Netflix, which typically rewarded talent with upfront deals. But, bonuses are also different than Hollywood’s traditional “back-end” deals, where filmmakers receive residuals based on the success of the movie. Since Netflix’s films don’t usually get released in theaters, there is no way for their films to receive those deals mentioned above.

Netflix covers the cost of production and pays producers money on top of that, granting them a profit even before the project hits the platform. These deals are safer for talent. The producer is guaranteed to make money, but there is a limit to their profit.

As Netflix faces more competition for projects than ever before, it is getting harder for the streaming company to lure talent and out-compete their rivals. It does not offer the kind of deals other studios provide their talent. For example, Robert Downey Jr. received millions for his role in “Iron Man” and other Marvel movies.

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Megan Diane
Megan Dianehttps://www.projectcasting.com
Hi, I'm Megan Browne, the Head of Partnerships at Project Casting - a job board for the entertainment industry. As Head of Partnerships, I help businesses find the best talent for their influencer campaigns, photo shoots, and film productions. Creating these partnerships has enabled me to help businesses scale and reach their true potential. I'm excited to continue driving growth by connecting people with projects they're passionate about.

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