The entertainment industry is constantly evolving, and one of the latest developments is the Sag-Aftra New Media Side Letter Agreement. This agreement outlines the terms and conditions for actors working on projects that are produced for new media platforms such as YouTube, Facebook, and other online streaming services.

What is the Sag-Aftra New Media Side Letter Agreement?

The Sag-Aftra New Media Side Letter Agreement is a supplemental agreement to the Sag-Aftra Television and Theatrical Agreement. It was first introduced in 2009 and has been updated several times since then. The agreement covers actors who work on projects created specifically for new media platforms that have a budget of $50,000 or less per episode.

What are the key provisions of the Sag-Aftra New Media Side Letter Agreement?

The Sag-Aftra New Media Side Letter Agreement includes provisions that cover a wide range of topics, including compensation, residuals, and working conditions. Here are some of the key provisions of the agreement:

– Compensation: Actors are guaranteed a minimum rate of $125 per day for projects with a budget of less than $15,000 per episode. For projects with a budget of $15,000 to $50,000 per episode, actors are guaranteed a rate of $335 per day.

– Residuals: Actors are entitled to residuals for new media projects that generate revenue. The rate of residuals depends on the revenue generated by the project, with a maximum residual rate of 300% of the minimum compensation rate.

– Working conditions: The agreement includes provisions for working conditions such as meal and rest breaks, notification of auditions and callbacks, and safety on set.

Why is the Sag-Aftra New Media Side Letter Agreement important?

The Sag-Aftra New Media Side Letter Agreement is important because it ensures that actors who work on new media projects are compensated fairly and have basic working conditions guaranteed. As more and more content is produced for online platforms, it is crucial that actors are protected and receive compensation for their work.

In addition, the agreement provides a framework for producers and actors to work together on new media projects. It sets clear guidelines for compensation and residuals, making it easier for both parties to negotiate and come to an agreement.

Conclusion

Overall, the Sag-Aftra New Media Side Letter Agreement is an important development in the entertainment industry. It ensures that actors working on new media projects are compensated fairly and have basic working conditions guaranteed, while also providing a framework for producers and actors to work together on projects created for online platforms. As the industry continues to evolve, it`s important that agreements like this one are in place to protect the rights of all those involved.