Negotiation
Negotiation is the process of reaching an agreement between parties in the entertainment industry, covering contracts, salaries, and creative control.
Net Earnings
Net earnings represent the profit remaining after all expenses, taxes, and deductions are subtracted from the total revenue of a film, TV show, or project.
Net of Tax
Net of tax refers to the amount of money remaining after taxes have been deducted from total earnings, ensuring actors and crew members know their take-home pay.
Low Budget Digital Agreement
The SAG-AFTRA Low Budget Digital Agreement covers contracts for web series, short films, and podcasts with budgets under $50,000, offering flexible rates and residuals.
Low Budget Digital Media Agreement
The SAG-AFTRA Low Budget Digital Media Agreement covers digital projects with budgets under $250,000, ensuring flexibility in actor pay while providing union protections.
Low Budget New Media Agreement
The SAG-AFTRA Low Budget New Media Agreement covers low-budget digital projects, ensuring fair pay, residuals, and protections for actors in web series and podcasts.
Low Budget Theatrical Agreement
The SAG-AFTRA Low Budget Theatrical Agreement covers contracts for theatrical films with budgets between $700,000 and $2.5 million, offering flexible pay rates.
MacGuffin
A MacGuffin is an object, event, or goal that drives the plot in films or stories but is often of little real significance to the outcome or resolution.
Magic Hour
Magic hour is the time just after sunrise or before sunset when the soft, golden light creates a highly desirable effect for film and photography.
Makeup Test
A makeup test is a pre-production session where an actor’s makeup is applied and evaluated under filming conditions to ensure it looks good on camera.