Actors in original content shows on Netflix, Hulu, and Amazon will see an increase in their residual rates—that is, compensation for subsequent plays of an episode they are in—and will be paid those residual payments within 90 days instead of a year, reports Engadget. Actors will also get residuals for “foreign use” for the first time. The agreement was reached with SAG-AFTRA and the Alliance of Motion Picture and Television Producers. The new agreement means it will cost streaming service providers more to create original content, but the higher pay could make it easier to attract big-name talent to streaming shows.MG
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.