What does Commission mean?
Commission refers to the percentage of income earned by a talent representative, such as an agent or manager, from the work they secure for their clients. Commissions are typically calculated as a percentage of the client’s earnings from projects like acting roles, endorsements, or appearances. In the entertainment industry, the standard commission for talent agents ranges from 10% to 20% of the client’s gross income for each project.
Example:A talent agent receives a 10% commission on an actor’s earnings from a commercial, as outlined in the representation contract.
Example: A manager negotiates a higher commission due to their involvement in securing a high-profile movie role for their client.
Did You Know?
Agents and managers typically earn commissions only when their clients get paid, making it crucial for them to secure consistent work for their talent!
