Income can be anything but predictable for professional creatives. If you are in the entertainment industry, you have likely experienced both the joys and challenges of managing royalties and residuals. Multiple income streams can be thrilling when they roll in, but their irregularity can make financial planning tricky. By understanding how to navigate and manage…
In addition to the fundamental financial clauses, modern entertainment contracts are evolving to address new technological and social challenges. A Morals Clause, for instance, can significantly impact your career, while emerging issues like AI usage and digital rights present new opportunities and concerns. Moreover, Profit Participation agreements offer a chance to share in the long-term…
Navigating the world of entertainment contracts can be daunting for entertainers, particularly when it comes to the financial terms. These contracts are often filled with legal jargon, making it difficult to understand how certain clauses affect your earnings, rights, and future revenue. Moreover, if you are a member of SAG-AFTRA (Screen Actors Guild-American Federation of…
