Why celebrities are on strike: Not every actor makes Tom Cruise money
On Friday, the SAG-AFTRA, a union representing about 160,000 Hollywood actors, officially went on strike after with Hollywood바카라 게임 웹사이트s biggest studios.
That means Hollywood actors and writers are on strike simultaneously for the first time in more than 60 years, bringing most film and television productions to a halt.
Among other demands, actors on strike are calling for increased pay and a rethinking of residuals, which union members say has significantly diminished amid the rise of streaming services. Residuals are financial compensation paid out to actors whenever TV shows or movies they바카라 게임 웹사이트ve appeared in are replayed.
Here are some significant numbers:
160,000
The union바카라 게임 웹사이트s 160,000 members join the 11,000 Writers Guild of America members .
While many of the world바카라 게임 웹사이트s highest-paid celebrities, and Matt Damon, have voiced their support for the strike, the concerns about higher pay and residuals affect thousands of actors who perform in hundreds of films and TV shows.
SAG-AFTRA바카라 게임 웹사이트s president, Fran Drescher, pushed back on the notion that all actors are wealthy, saying that a vast majority 바카라 게임 웹사이트are just working people just trying to make a living just trying to pay their rent, just trying to put food on the table and get their kids off to school.바카라 게임 웹사이트
바카라 게임 웹사이트Everything that you watch, that you enjoy, that you바카라 게임 웹사이트re entertained by are scenes filled with people that are not making the big money,바카라 게임 웹사이트 she added.
$27.73 per hour
That바카라 게임 웹사이트s how much the US Bureau of Labor Statistics as the average pay for California actors in 2022. However, the BLS noted in the data that actors aren바카라 게임 웹사이트t paid full-time year-round due to the nature of the job.
Before the contract between actors and movie studios officially expired this week, SAG-AFTRA members had negotiated specific minimum rates for performers. For example, an actor who worked on a television show for one week was paid a minimum of $3,756.
However, Kellee Stewart, an actress who has performed for more than 20 years and has appeared on the television series 바카라 게임 웹사이트All American바카라 게임 웹사이트 and 바카라 게임 웹사이트Black-ish,바카라 게임 웹사이트 noted that performers traditionally don바카라 게임 웹사이트t get to take home the number that appears as their rate.
바카라 게임 웹사이트You don바카라 게임 웹사이트t get to keep it all when you get a paycheck,바카라 게임 웹사이트 she said.
바카라 게임 웹사이트You have to pay taxes, plus commissions. For me, that would include an agent, a manager, and a lawyer that negotiates your deals. Right away, when you바카라 게임 웹사이트re giving a quote for what you바카라 게임 웹사이트re going to get paid, you already know that바카라 게임 웹사이트s really going to be 35% less, give or take,바카라 게임 웹사이트 she added.
$270 million
Dwayne 바카라 게임 웹사이트The Rock바카라 게임 웹사이트 Johnson was the highest-paid actor of 2022, raking in $270 million, according to of highest-paid entertainers. Johnson received hefty paydays from his roles in 바카라 게임 웹사이트Jungle Cruise바카라 게임 웹사이트 and 바카라 게임 웹사이트Red Notice,바카라 게임 웹사이트 but, according to Forbes, the majority of his earned income in 2022 came from his tequila brand, Teremana.
Tom Cruise made headlines last year for reportedly making $100 million from his deal to star in 바카라 게임 웹사이트Top Gun: Maverick,바카라 게임 웹사이트 for which he received a cut of ticket sales, to Variety.
On CBS바카라 게임 웹사이트 Sunday, IAC Chairman Barry Diller called on both top-paid actors and movie executives to take 25% pay cuts.
바카라 게임 웹사이트You have the actors union saying, 바카라 게임 웹사이트How dare these 10 people who run these companies earn all this money and won바카라 게임 웹사이트t pay us?바카라 게임 웹사이트 While, if you look at it on the other side, the top 10 actors get paid more than the top 10 executives,바카라 게임 웹사이트 Diller said. 바카라 게임 웹사이트I바카라 게임 웹사이트m not saying either is right. Actually, everybody바카라 게임 웹사이트s probably overpaid at the top end.바카라 게임 웹사이트
12.7%
The minimum amount of money a performer must take home in one year to qualify for health insurance is $26,470.
However, while well-known actors are paid millions of dollars to star in movies and TV shows, many members of SAG-AFTRA don바카라 게임 웹사이트t bring in enough income each year to meet the union바카라 게임 웹사이트s minimum requirement.
According to Shaan Sharma, an actor and SAG-AFTRA board member, just 12.7% of SAG-AFTRA members qualify for the union바카라 게임 웹사이트s health plan.
Actor Rod McLachlan, who has appeared in television shows such as 바카라 게임 웹사이트Blue Bloods,바카라 게임 웹사이트 said it바카라 게임 웹사이트s 바카라 게임 웹사이트a constant struggle바카라 게임 웹사이트 to meet the health insurance threshold.
바카라 게임 웹사이트If you think about it, $26,000 isn바카라 게임 웹사이트t a middle-class wage,바카라 게임 웹사이트 he said.
바카라 게임 웹사이트The thing about the life of an actor is that you have good years and bad years,바카라 게임 웹사이트 he added.
13 cents
Due to the unpredictable nature of TV acting and the competitive nature of landing roles, actors traditionally rely on residual payments, paid out when films or movies are replayed, as a form of steady income when work is hard to come by.
바카라 게임 웹사이트If you were in a popular episode of a popular show, the income streams could last for quite some time. You have almost 18 months on one level or another where you are receiving income that was significant enough to help you until the next time you did a network show,바카라 게임 웹사이트 McLachlan said.
Actors say that the calculation around residuals has changed. As more shows and movies have moved to streaming services, where it isn바카라 게임 웹사이트t always clear how often content is replayed, actors say they바카라 게임 웹사이트re making significantly less money.
바카라 게임 웹사이트The residuals that I get when it바카라 게임 웹사이트s on network television versus what I would get on Netflix are night and day,바카라 게임 웹사이트 Stewart said.
On Twitter, Stewart shared a screengrab of 5 residual payments totaling 13 cents from replays on streaming services.
바카라 게임 웹사이트There바카라 게임 웹사이트s not just a difference between traditional residual television and streaming; they바카라 게임 웹사이트re not even in the same conversation,바카라 게임 웹사이트 she told CNN.
$31 million
On Thursday, Disney CEO Bob Iger said striking actors바카라 게임 웹사이트 and writers바카라 게임 웹사이트 demands are 바카라 게임 웹사이트just not realistic.바카라 게임 웹사이트
바카라 게임 웹사이트They are adding to a set of challenges that this business is already facing, that is quite frankly, very disruptive,바카라 게임 웹사이트 he told CNBC.
When Iger rejoined Disney as CEO in November 2022, he agreed to an annual base salary of $1 million with a potential annual bonus of $2 million dollars. The agreement also includes stock awards from Disney totaling $25 million.
On Wednesday, Iger in his post as CEO of Disney through 2026 while the company바카라 게임 웹사이트s board searches for a successor. In his new agreement, Iger is now eligible for a bonus of up to $5 million, according to a company filing, meaning his total pay may reach $31 million per year.
Walt Disney Studios is part of The Alliance of Motion Picture and Television Producers (AMPTP), the trade group that negotiates with currently striking writers and actors. Other major movie studios, such as Paramount Pictures and Sony Pictures, along with streaming services like Netflix and Apple TV+ are members, as well. Warner Bros. Discovery, CNN바카라 게임 웹사이트s parent company, is also a member.
Netflix바카라 게임 웹사이트s co-CEOs Ted Sarandos and Greg Peters made $50 million and $28 million respectively in 2022, according to a company filing.
In a statement to CNN, the AMPTP said they were 바카라 게임 웹사이트deeply disappointed바카라 게임 웹사이트 with the union바카라 게임 웹사이트s decision to strike.
바카라 게임 웹사이트Rather than continuing to negotiate, SAG-AFTRA has put us on a course that will deepen the financial hardship for thousands who depend on the industry for their livelihoods,바카라 게임 웹사이트 the AMPTP said.
SAG-AFTRA did not respond to CNN바카라 게임 웹사이트s request for comment.
$4 billion
The potential economic impact of the combined writers바카라 게임 웹사이트 and actors바카라 게임 웹사이트 strike could cause $4 billion or more in damage, Kevin Klowden, the chief global strategist for the economic think tank, the Milken Institute, .
Klowden said the double strike, which has brought Hollywood projects to a grinding halt, may affect more than just the US economy.
바카라 게임 웹사이트London and the UK, Australia, New Zealand, and other places, which either have studios or even do post-production, will face a real impact,바카라 게임 웹사이트 he said.
- CNN바카라 게임 웹사이트s Natasha Chen contributed reporting to this story
