The WGA said today that it has prevailed in a huge “self-dealing” arbitration against Netflix that it says will result in hundreds of writers on more than 100 Netflix theatrical films receiving an additional $42 million in unpaid residuals.
The WGA West and the WGA East say they now are pursuing about $13.5 million in interest that Netflix reportedly owes writers for late payment of these residuals.In a notification to their members, the guilds said that their victory stems from “an important arbitration over Netflix’s underpayment of the writer’s residuals for the theatrical motion picture Bird Box.
Netflix argued the WGA should accept a substandard formula the company negotiated with DGA and SAG-AFTRA. After a hearing, however, an arbitrator determined differently — that the license fee should have been greater than the gross budget of the film.
He ordered Netflix to pay the writer a total of $850,000 in residuals along with full interest of $350,000.”“As a direct result of this ruling,” the WGA added, “216 writers on 139 other Netflix theatrical films are receiving an additional $42 million in unpaid residuals.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.