What does Negotiation mean?
Negotiation refers to the process of discussing and reaching an agreement between two or more parties in the entertainment industry, typically involving contracts, salaries, and terms of employment. Negotiations often occur between actors, agents, producers, studios, and networks to settle issues such as payment, creative control, and project timelines. Effective negotiation skills are essential for ensuring that all parties are satisfied and that the terms of the deal are fair and beneficial.
Example:An actor’s agent enters negotiations with a studio to secure a higher salary and more favorable working conditions for their client.
Example: A director negotiates with the production company for final cut privileges, ensuring they have creative control over the movie’s final version.
Did You Know?
Many high-profile actors and directors negotiate for “back-end deals,” where they receive a percentage of a film’s profits instead of a fixed salary!
You can also find “Negotiation” and related terms in this category: Administrative and Financial.
