What is the new Netflix deal brokered by Ben Affleck and Matt Damon?

Ben Affleck and Matt Damon brokered a deal with Netflix to implement a performance-based bonus structure for the 1,200 crew members working on their film 'The Rip'.

How does Artists Equity's bonus structure differ from standard Netflix pay?

Artists Equity's model offers eligible bonuses to everyone involved in production if the film meets performance expectations, unlike Netflix's typical upfront payments.

What is the plot of the film 'The Rip' starring Affleck and Damon?

'The Rip' is about a team of Miami cops whose trust frays after they discover millions in cash, leading to questions about who they can rely on.

Home / Business and Economy / Affleck & Damon Redefine Netflix Pay with New Bonus Deal

Affleck & Damon Redefine Netflix Pay with New Bonus Deal

10 Jan

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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.

Affleck & Damon Redefine Netflix Pay with New Bonus Deal

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.