Affleck and Damon are teaming to launch a production company that promises to offer creatives back-end participation points and a cut of the profits -- a practice that's become lost in Hollywood amid the streaming era.
..."As streamers have proliferated, they have really ended back-end participation, and so this is partly an effort to try to recapture some of that value and share it in a way that’s more equitable." He went on to add,"Not just writers and directors and stars. But also cinematographers, editors, costume designers and other crucial artists who, in my view, are very underpaid."
Artists' Equity also aims to do what big studios can't ... getting out of the way, and letting creatives have actual ownership/control of their vision without all the politics that tend to hinder production, sometimes for the worst. At AE, Ben and Matt are adopting laissez-faire. It's a neat idea ... and it's not just a pipe dream either. Matt and Ben have secured at least $100 million in initial financing from RedBird Capital Partners -- plus an undisclosed amount of dough from their own pockets. Ben says he's going to lend his services exclusively to Artists' Equity going forward. Matt's committed to a handful of films as well.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rivals.com - Rivals100 DE Damon Wilson close to commitment, Ohio State visit coming
Read more »
Carey Mulligan on Starring in 'She Said' and the Story's Impact in HollywoodThe actress sat down with journalist Lisa Ling at Marie Claire's 2022 Power Trip summit.
Read more »
The Hollywood Reporter Partners With Virgin Atlantic on Roundtable SeriesThe series, which features intimate conversations with awards contenders, will include five episodes, each focusing on a dedicated group of talent: writers, actors, actresses, producers and directors.
Read more »
Hair, Makeup and a Little Hollywood Magic Transformed Ana de Armas Into Marilyn Monroe for 'Blonde'Despite the film's many controversies, there's no denying the talent — and massive undertaking — of the beauty teams who re-created the iconic signatures with which we're all so familiar:
Read more »
In West Hollywood election, a famously liberal city appears to take a moderate turnThe West Hollywood election was dominated by cutting law enforcement. Two City Council incumbents appear to have won reelection.
Read more »
Christopher Sebela & Ben Hennessy's Godfell in Vault Feb 2023 SolicitsChristopher Sebela and Ben Hennessy are launching a new comic book series from Vault Comics, Godfell, as part of Vault Comics' February 2023 solicits and
Read more »