What does Performance Bonus mean?
Performance Bonus refers to additional compensation paid to actors, directors, or other crew members based on the success or performance of a film, TV show, or project. Performance bonuses are often tied to specific goals, such as box office revenue, viewership ratings, or critical acclaim. This type of incentive is common in contracts for high-profile actors and directors, encouraging them to contribute to the overall success of the project by offering financial rewards beyond their base salary.
Example:An actor earns a performance bonus after their film surpasses $500 million at the box office, as stipulated in their contract.
Example: A director is awarded a performance bonus when their TV show receives high viewership ratings, exceeding the network’s expectations.
Did You Know?
Performance bonuses can be a significant part of an actor’s earnings, especially for blockbuster films where bonuses are tied to box office success!
You can also find “Performance Bonus” and related terms in this category: Contracts and Agreements.
