Could this new production company increase streaming profits for filmmakers?
Streaming has made it harder for artists to make money on their work. While the DVD was a huge part of many filmmakers’ and artists’ revenue streams, those who did not make a big-budget movie rarely saw a substantial profit from streaming services. Streaming residuals are still fairly new, and many executives, unions, and artists are trying to figure out the best way to improve streaming wages and residuals.
Now, lifelong creative partners Ben Affleck and Matt Damon are taking a step to help artists like you make a profit off streaming services.
In an interview with the New York Times, the two creatives announced that they were creating the production company Artists Equity to help give artists a larger share of streaming profits. Affleck serves as CEO and Damon is the company’s chief creative officer. The company has already raised over $100 million in financing, primarily from the investment firm RedBird Capital Partners.
Author: Alyssa Miller
This article comes from No Film School and can be read on the original site.
