What does Weekly Rate mean?
Weekly Rate refers to the amount of money paid to an actor, crew member, or other professional for their work on a production over the course of a week. Weekly rates are common in long-term productions like TV shows or films with extended shooting schedules. The rate is agreed upon in advance and may vary based on the actor’s experience, union status, or the demands of the role. Related terms include Day Rate and Overtime, which refers to additional pay for hours worked beyond the contracted amount.
Example:The actor negotiated a weekly rate for their role in the series, which ensured consistent pay throughout the 10-week shoot.
Example: The crew members are paid a weekly rate for their work on set, with overtime pay if the production runs longer than expected.
Did You Know?
Weekly rates can vary widely based on the type of production, with higher rates for lead actors in big-budget films compared to smaller productions!
You can also find “Weekly Rate” and related terms in this category: Administrative and Financial.
