Legal Question in Entertainment Law in California
future profits only
I am starting a video production company.
I want to hire actors with no pay, but give them a percentage of revenues (or less likely, of profit) that may come from specific projects. This would also forfeit any other claim in the future on what has been produced, reproduction of images, etc.Is there a template that fits these simple characteristics?
Exampes of similar ideas:
Modelling: pay is up front, then all rights are released on the images/profits in the future.
Television where more than one party partners to create a specific TV project
These are close, but not quite for me.
Thanks
1 Answer from Attorneys
Re: future profits only
Not paying talent is a key skill to acquire if you want to ever make it big in showbiz.
You could search sites like thesmokinggun.com and see if they have the infamous American Idol contract. You could offer unpaid internships for college credit -- colleges love this, they get paid tuition and they don't have to teach anything! Win-win!
Or, you could pay a lawyer to draft your contracts, you cheap bargainer.
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