12/31/09

The New SCREEN ACTORS GUILD and IATSE contracts

The Screen Actors Guild recognizes the new realities of Ultra-Low Budget and now make it possible to hire experienced professional actors for significant less than the big Hollywood budgets.
Some SAG contracts allows for 'deferrals' which means veteran actors or even name actors could agree to defer their usual fees until after the film recoups expenses and goes into profit.


IATSE, the technical crew union, also recognizes the new realities and has 3 Tiers of fees based upon the size of budgets, however a new Ultra-Low budget is expected to be approved in which Producers can negotiate fees with union members with the provision that fees are no less than minimum wage and that the production is at least 15 days.