Home / Business and Economy / Affleck & Damon Redefine Netflix Pay with New Bonus Deal
Affleck & Damon Redefine Netflix Pay with New Bonus Deal
10 Jan
Summary
- Netflix deal offers performance bonuses to all 1,200 film crew members.
- Artists Equity's new model rewards everyone if film meets performance metrics.
- The 'The Rip' film's success will be measured over its first 90 days on Netflix.
Ben Affleck and Matt Damon have initiated a significant shift in Netflix's compensation practices through their production banner, Artists Equity. Their latest film, "The Rip," will feature an unprecedented performance-based bonus structure for its entire 1,200-person crew. This innovative approach aims to reward all involved if the film meets defined performance metrics, a departure from Netflix's usual upfront payment model.
Affleck emphasized that this deal is rooted in their company's philosophy of instituting fairness and addressing pressing industry concerns. The success of "The Rip" will be assessed over its first 90 days on the streaming platform, with bonus eligibility tied to these performance indicators. This ensures that every member of the production team, from top to bottom, shares in the film's potential success.
"The Rip" follows a team of Miami cops whose trust unravels after discovering millions in cash. Affleck and Damon star as two of the officers in the film, which was written and directed by Joe Carnahan. Launched in 2022, Artists Equity champions an artist-led studio model designed to empower filmmakers' creative visions through entrepreneurial partnerships.
