If you`re a sag actor, you`re likely familiar with the term “residuals.” Residuals are payments made to actors and other performers for the reuse of their work in various media.
Under the SAG Basic Agreement, residuals are paid based on a percentage of the revenue earned by producers from the exploitation of your work. This can include revenue from theatrical releases, DVD and Blu-ray sales, streaming services, and syndication.
The SAG Basic Agreement also establishes minimum rates for residuals, which are based on the type of production and the performer`s role. For example, the minimum residual rate for a principal performer in a feature film is currently 4% of the distributor`s gross receipts, while the minimum for a day performer in a TV show is 3.6% of the producer`s gross.
One important thing to note is that residuals are only paid if your work is exploited beyond the initial use for which you were hired. For example, if you`re hired to appear in a commercial that`s only intended for broadcast on television, you won`t receive residuals if the commercial is later used online or in other forms of media.
To ensure you receive the residuals you`re entitled to, it`s important to keep accurate records of your work and any subsequent exploitation. You should also make sure that your contracts with producers and distributors include clear provisions regarding residuals.
If you have questions about residuals or the SAG Basic Agreement, it`s always a good idea to consult with an experienced entertainment attorney or SAG representative. By understanding the residuals system and advocating for your rights as a performer, you can maximize your earnings and protect your long-term financial interests.