Wednesday, December 31, 2008

Producers Planned Since 2007 to End Paying Residuals

From July 12, 2007 NYT:

...several of Hollywood’s highest-ranking executives called for the end of the entertainment industry’s decades-old system of paying so-called residuals for the reuse of movie and television programs after their initial showings.
The executives stopped short of saying they would demand an immediate end to residuals... But they were emphatic in calling for the dismantling of a system under which specific payments are made when movies and programs are put on DVD, shown abroad or otherwise resold

(emphasis added, from The New York Times). A video about ending residuals points out that all TV will be "New Media" and therefore not pay residuals under the AMPTP's current offer.

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this posted by David August at 3:08 PM 

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