The duo revealed their plans for Artists' Equity Sunday, sharing that it will address shifts in profit deals fueled by the streaming era.
Affleck called the new venture his “next act of my career for a long, long time,” with the Oscar-winning actor, producer and director planning to work exclusively with the company. Damon, who will produce exclusively with Actors’ Equity, said the company will allow film and TV talent to “take ownership of their creative power, providing a platform for both established and emerging filmmakers to streamline the development of their content.
“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,” Affleck said. “Not just writers and directors and stars. But also cinematographers, editors, costume designers and other crucial artists who, in my view, are very underpaid.”
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