Netflix might form a new bonus structure for movies
Netflix’s forthright payment to producers and other talent implies movies will make cash regardless. In any case, the streaming giant could miss out on certain undertakings with that work on, seeing as it puts a breaking point on potential profit. The individuals who accept their venture could be gigantic blockbusters can pick increasingly customary studios and dramatic releases to have the option to bring home a level of the movies cash. That is the reason Netflix is considering offering on-screen characters, movie producers and makers rewards if their movies become a triumph, as indicated by Bloomberg.
“Success” would mean various things for various ventures. Rewards for movies made for awards rely upon what number of it really wins, while other films’ rewards could be founded on viewership. Scott Stuber, head of original films at Netflix, reportedly discussed the options the company is considering with producers. Netflix has yet to decide on a structure for its bonuses, though, including which people would get one when a project becomes a hit.
Bloomberg’s sources said the move is “aimed at winning projects that might otherwise go to rival studios.” The organization’s adversaries keep on developing in number, all things considered, with Disney and Apple both giving it a shot in November.
Furthermore, the report reads, “Netflix has never offered back-end deals. It covers the full cost of production and pays producers a premium on top of that, granting them a profit before the project is even released. These deals are a safer bet because the producer is guaranteed to make a significant amount of money, but they also cap the potential profit. That formula has worked for Netflix in the television industry, where it’s one of the most powerful TV networks in the world. Netflix does pay bonuses to producers whose shows get picked up for many extra seasons, and it tends to increase the salary for the stars of its most popular shows.”
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