TLDR · BIG TECH & STARTUPS

APPLE, NETFLIX, AND AMAZON WANT TO CHANGE HOW THEY PAY HOLLYWOOD STARS

bloomberg.com12 min read

Summary from the TLDR newsletter

Apple will soon begin basing pay on how a series or movie performs. Talent would receive bonuses on a points system, with the size of the bonuses being based on the number of people who signed up for Apple TV+ to watch, how much time they spent viewing, and the cost of the program relative to the size of its audience. Netflix and Amazon have also spent months developing plans for performance-based compensation, but neither have gone public yet with their models. Streaming services are becoming increasingly more transparent - the practice will make it easier to tie pay to performance.