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Netflix To Pitch Top Agents, Managers On Transparency At Event Tuesday; Talent Payment Proposal Expected To Be Discussed
EXCLUSIVE: The topic of how the major streamers pay talent has been one of the dominant conversations in Hollywood over the past few months. Netflix is holding an event for top agents and managers where it will likely be discussed as the streamer is understood to be reevaluating how it structures its deals going forward. […]
We hear that reps for WME, CAA and UTA as well as a number of the large management companies are heading to a breakfast event – titled Netflix Explained – at the Tudum Theater tomorrow morning. Essentially, the streamer is considering a new way to pay talent, rewarding them for creating hits, rather than relying on the cost-plus model that sees stars, including top directors, get paid a big number upfront with little back-end. This all comes days after Netflix released its latest tranche of data around its semi-annual engagement report, which saw over 94B hours of content watched on the service in the first half of 2024.
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