With ‘The Rip,’ Netflix Makes an Exception for Ben Affleck and Matt Damon
The New York Times••entertainment
Key Points:
- Ben Affleck and Matt Damon star in “The Rip,” a Netflix film about police officers facing internal corruption, which debuts next Friday.
- Affleck and Damon’s company, Artists Equity, negotiated a groundbreaking deal with Netflix ensuring all 1,200 cast and crew members receive a one-time bonus if the film performs well.
- This deal challenges Netflix’s usual model of paying only upfront fees without back-end participation, aiming to introduce greater fairness in industry compensation.
- Artists Equity was formed in late 2022 with investment from RedBird Capital to address compensation issues in the entertainment business.
- The film’s release follows Netflix’s $83 billion acquisition of Warner Bros., raising questions about whether Netflix will maintain its current payment practices
