| re: Why are there not laws about profit sharing for this very reason? | |
| Posted by: Chazwaza 10:17 am EST 01/06/18 | |
| In reply to: re: Why are there not laws about profit sharing for this very reason? - NewtonUK 08:02 am EST 01/06/18 | |
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| But part of the reason a show is a hit and can charge so much is because of the performances of the cast. One can't ignore that, especially investors. Also, I did say "profits" - so this could be that AFTER the show has become profitable, i.e. has made back the investment, the actor raises go into effect. It certainly would suck to be an investor who wants to PROFIT 1 million (after their investment is returned) and then only make $600k... but such is life. After their investment is made back I don't think there's any risk or obligation for them to profit as much as humanly possible without giving the cast the sells the show to the audience nightly sees returns on their investment either. And let's not forget that we are talking about this with the shared understanding that Broadway actors, even making over the supposedly $2k/week salary are not being paid enough, so when a show is not only a hit but remains a hit when charging double or triple the normal ticket price, it's insane to me that it be acceptable to not raise their salaries accordingly. TV writers, for example, get paid usually a minimum of let's say $3,500 a week regardless of whether the show is on a huge network or small or if the show ends up making anyone any profit. TV actors, ones who are not regulars, get at least around $950/day and that doesn't include residuals. I understand theater is very expensive to produce and very risky to invest money into... I'm not saying actor salaries should be raised across the board regardless to a point of making shows impossible to produce unless they are surefire profitable hits. But when a show becomes, as I said, the Walmart of Broadway - making an incredible amount of money off the same product and same budget that was made/spent regardless of the outrageous profits, then those profits should absolutely be reflected in the cast salaries. I wouldn't be opposed to it being directly linked to the ticket price. I think there should be a standard price for plays and musicals, perhaps determined in part by the budget of the show (this is how tv and film often work), which is a smart way to keep ticket prices in check too, and then if the producers raise ticket prices due to demand or proven sales, then they have to raise salaries... at least slightly. I don't think it's fair to defend any producer or investor as if they assumed they'd be seeing a return investment faster than a sold out house and normal prices (and premium sections built in, as that as been the norm for a decade now sadly)... I have no sympathy for the Hamilton producers/investors or are seeing their show sell at 3 times the price of other shows, with the same original budget and same salaries to actors as any other show that took the same risks (actually less risk in theory because it was developed cheaply at a non-profit and then was a huge buzzed about hit before it went to broadway). |
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| Previous: | re: Why are there not laws about profit sharing for this very reason? - NewtonUK 08:02 am EST 01/06/18 |
| Next: | re: Why are there not laws about profit sharing for this very reason? - EvFoDr 09:09 am EST 01/06/18 |
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