Tuesday, October 14, 2008

Deferred Pay - what is it?

Online I see a lot of castings that offer deferred pay for low budget films. If you are wondered what this means here is some info:

Deferred pay means that you do not get paid right after the job and that you will only get money if the movie, production ect, makes money, and make a profit after their bills, and production expenses are taken care of. If you do get paid it could be over a period of time. You might get a percentage of the profits over a period of time, if the film has DVD sales you might get a percent of those sales. For low budget productions, you should expect not to make much. It could take years for a film to get DVD distribution and depending on the contract you might not make that much anyways.

Read the contract well, ask to see the deferral agreement ahead of time.
You don't want to come off a snot, but these are normal questions, and you should know ahead of time what you are getting into. Your acting and modeling pursuits should not be taken lightly, you should want to know all the details and if they are not given, ask kindly.

Here are some other tips when it comes to working on a set/production/ film that is deferred pay.

1. If you are cast for a role on a file and it says "deferred pay" it would be a good idea to ask what that means to the production team. Because you want to make sure you KNOW the payment details fully before you commit.

2. Should you do a role that is deferred pay? If you are a new actor or model and you want experience and the role and job seems to benefit your reel, resume and portfolio then yes! Although with the internet exposing everything very quickly do be careful what you are getting involved with. Keep your bigger goals in mind and ask yourself, " will this role, job, project, ect be a benefit to my resume and lead to me to where I want to be?"

3. Many new models and actors accept anything without thinking of the results. This is a bad idea. You want to be picky about your work, you don't want to just apply to everything and anything, you want to treat your resume and portfolio as a presentation of your worth and what you are capable of, you don't want to come off a fool.

4. Ask about distribution, marketing, and where the film or project will be seen-exposed, will it be local, national, global?..., so many models and actors do not ask this. And end up nothing to show for your effort, work and time.

2 comments:

Lottie said...

I found this very useful considering I've just been offered deferred pay for a small film, thanks so much for sharing :)
x

Anonymous said...

thanks for the info