| re: NPR: Very interesting, detailed look at the economics of producing “Stereophonic,” including actor salary negotiations. ( | |
| Last Edit: Chazwaza 02:12 am EDT 07/01/24 | |
| Posted by: Chazwaza 02:05 am EDT 07/01/24 | |
| In reply to: re: NPR: Very interesting, detailed look at the economics of producing “Stereophonic,” including actor salary negotiations. ( - ablankpage 11:27 pm EDT 06/30/24 | |
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| It's kind of scary to me that anyone thinks that $5000 a week *before* taxes and before agent and/or manager fees are taken out, is "a large salary" for the leads of a broadway play. Trust me, name actors do not do 8 shows a week on Broadway for 5k a week... subtracting the taxes (about 30%) and reps percentages (10-20%, let's call it 20), and assuming they aren't paying a publicist too, that is about 50% of their salary gone. So let's say they are in the play for 9 months, which would mean staying in the play its entire currently announced run, and that the play not close before that (it's not super common for a play to run 9 months anymore)... they'll have each taken home (after taxes+reps) only 90k, for starring in a hit play on Broadway, that won Best Play, for 9 months straight. Of course if they only have 1 rep who only takes 10%, then they'll take home an extra 18k (but I doubt any of these actors had no reps before they got this play, so it's going to be 40-50% off the top). And these actors have to live in NYC on this. And unless they get cast to do lucrative film or tv work, they will also only make this amount while the show is running. They will get nothing from the many productions this play will receive in the near and far future, succeeding in some small part at least on the characters they originated and performed so successfully. Most of their next work will be in non-profit productions, on or off broadway, still won't pay as much, and if it is in the most likely scenario of an off-broadway run at a non-profit, it'll be substantially less pay, and for many fewer weeks (most off-bway non-profit plays run, what, 8 weeks? 12? Not 36 -- though they'll certainly be expected to and behooved to do just as much work and put in just as much effort to the character they're playing in those plays that pay way way less as they did in Stereophonic). And let's not forget that they are also singing in this play, aren't they? And some of them play instruments too, yeah? (I haven't seen it yet) |
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