The problem is, that's not sustainable. They are desperately trying to cling to the past, which doesn't work in the present. Remember, this has been going on forever. Remember DiVX? They attempted to sell you DVDs that you had to pay them for every single time you watched it. It failed miserably because nobody was going to do that. Now, that's really what they're trying to do with streaming. They want money, not every time the movie airs, but every time anyone watches it. It's one thing to be paid per airing, but since streaming, it's always airing, they want to make money every time any individual watches it.
That is not sustainable. The fact is, in the modern world, the idea of residuals are not realistic. The idea that you are going to get paid for the rest of your life for something that you did once, that's just stupid. Now I agree that it's probably just as stupid for studios to continue to make money on these things forever. That is not the world that we currently live in. Instead of standing there with your hand out, why not just go DO SOMETHING NEW? Produce new music. Produce new movies. DO SOMETHING! Just because it worked in the past, and probably not even well, that doesn't mean it will continue to work in the present.
There has to be a new model for Hollywood because Hollywood is dying.
Obviously, copyright/IP laws have to be changed if we want to see individuals reap the benefits of streaming.
Radio royalties payouts system works by first having the radio station purchase a blanket license from the local performance rights organization(s). Then, the radio station reports the songs it has broadcasted back to the PRO, which uses that data to allocate and distribute the royalties due to proper artists and their representatives. This process can take a while — it’s not uncommon for artists to get their royalties more than a year after the actual broadcast took place. But that's just radio and it can more complicated than this whole sentence
I know that some of those contracts/laws are complex to manage or change without involving legal teams and years of negotiations.
Yes, actors can receive royalties from streaming services, but it depends on the contracts they sign with production companies and distributors. Some contracts
may include provisions for residual payments or back-end profits
based on viewership, while others
may not provide any compensation beyond the original payment for their work!
Step 1: Negotiate Your Contract
Before production starts, you need to negotiate your contract with the film or show’s producers. This is where you will determine what percentage of streaming royalties you will receive.
Typically, actors negotiate between 2% to 4% of the producer’s gross income from streamed content. Depending upon your bargaining skills and popularity in the industry, this percentage might go up as well if you play
important roles that drive traffic on screen.
Step 2: Register with Performing Rights Organizations (PROs)
Once production wraps and distribution begins, it’s time to register with PROs such as SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists) or other performance rights organizations.
These organizations protect your rights as an
actor by monitoring the usage of your performances on various media including TV networks or international sales. Also these organizations ensure that any royalty payments owed gets duly communicated to production companies so that pay out can be started efficiently-avoiding breaching legal conditions.
Step 3: Set Up Your Direct Deposit Option
Most
performing rights organizations have online portals where actors can set up their bank accounts for direct deposit after receiving earnings.
This helps speed up payment processing without having paper checks delivered through mail address which takes time .
Step 4: Track Performances & Royalties
It’s essential to keep track of all your performances and royalties accumulated, which will be the basis for your compensation plan from streamed content.
You can access this information on your online portal created by performing rights organizations so that all payments made to you are traceable while tax payables- inflows get documented as well .
Step 5: Continue to Negotiate
Royalties are not set in stone. With every new project you work on, it’s important to prove your worth and negotiate a higher percentage of royalties.
Through persistent negotiation, hard work on screen or roles played with greater importance as well, the chances increase multifold in order these negotiations can take place ,
actors making significant contributions during final negotiations leading to boosting their royalty eligibility.
There you go folks...seems that the "I'm the poor actor" is not really the true story. It takes negotiations and effort to make sure you'll receive your just royalties from streaming services...so I don't know what the strike is all about
As other mentioned; Hollywood and other small movie companies are capable of making good movies. It just has to put their greed aside and focus on good writing! As for the political inserting itself more and more; it's time to remove it from their shoulders. It really doesn't serve any purpose and is contrary to good entertainment as in "Escape" from the real world...since we can't count on Hollywood to have an accurate view of historical facts.